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| R-Infra pre-qualified for Rs 50,000cr projects |
| Press Trust of India / Mumbai Oct 15, 2009, 16:08 IST |
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Anil Ambani-run Reliance Infrastructure (R-Infra) has already pre-qualified for around Rs 50,000-crore worth of infrastructure projects, a top company official said.
"R-Infra has already pre-qualified for about Rs 50,000-crore worth of projects. We have emerged as the country's largest developer of road and highway projects in the last two years," Reliance Infrastructure CEO and Director Lalit Jalan told reporters.
R-Infra, an Anil Dhirubhai Ambani Group (ADAG) company, is one of the largest private sector players in infrastructure in the country.
Jalan said that the segment would be the major revenue contributor to the company going forward.
"Infrastructure will be a major source of revenue for us and we will bid for most of the infrastructure projects being planned in the country in the near future," he said.
"We have orders for 500 kilometres of six road projects, of which two have become commercially operational. The rest are in various stages of development and by March 2011, seven road projects will be operational. The cumulative investment made so far in the road projects is Rs 4,300-crore, Jalan added.
So far, R-Infra has completed two major road projects which are commercially operational in Tamil Nadu. The two projects, Namakkal-Karur and Dindigul-Samynalore, are worth Rs 763-crore and involved the construction of a total of 96 kilometres.
NamakkalKarur Toll Road that falls on NH-7, between the proposed flyover at Namakkal to the start of Karur Bypass, involves a total cost of Rs 345-crore and runs across a stretch of 42 kilometres.
It also involves one major bridge of 800 meters on the river Cauvery and three flyovers.
The total cost of the second project Dindigul-Samynalore Toll Road, is Rs 417-crore.
The project involved the construction of a total of of 54 kilometres. It falls on NH-7 between Dindigul to Samynalore and has three railways over-bridges as a railway line is running parallel the project.
In the infrastructure space, the company is also focusing on urban infrastructure, sealinks and airports, specialty real estate which includes business districts, trade towers, convention centres and SEZs which includes IT & ITeS SEZs and non-IT SEZs as well as free trade zones, said Jalan.
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