New Delhi: Anil Ambani group firm Reliance Infrastructure on Tuesday said the company-led consortium has bagged a road project worth Rs 590 crore from the National Highway Authority of India (NHAI).
The company-led consortium would invest in design,
finance, engineering, construction, operation and maintenance
of the 53-km Jaipur-Reengus road stretch in Rajasthan,
Reliance Infra said in a statement.
The highway stretch is expected to be operational by
March 2011. Reliance Infra is currently executing seven road
projects and has fixed a total outlay of over Rs 4,500 crore,
the statement added.
The company, that builds infrastructure projects and
sells electricity, plans to increase its road project
portfolio to over Rs 20,000 crore within the next three years.
"The project would be completed within the stipulated
time frame. With seven road projects, Reliance Infra would be
committing more than Rs 4,500 crore for the road sector only,
with plans to increase the total road project portfolio over
Rs 20,000 crore by 2012-13," Reliance Infra CEO and Whole-time
Director Lalit Jalan said.
The company now has a cumulative order for more than 515
km of road project, of which two are commercially operational.
Shares of Reliance Infra closed at Rs 1,303, up 0.38 per
cent on the BSE.
Bureau Report
First Published: Tuesday, October 20, 2009, 17:01