Anil Ambani group firm Reliance Infrastructure (Rel Infra) today 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, Rel Infra said in a statement.

BSE  |  NSE Price

Also Read   Related Stories News Now - NHAI likely to wind up port road connectivity project - NHAI likely to wind up Ennore road connectivity project - NHAI urged to fast track Vallarpadam road project - Wkly tech analyisis: Sensex may find support at 16,400 - R-Infra ready to pay margin fee to RIL, but 'under protest' - R-Infra settles to pay 'market margin' to RIL

Also Read   Related Stories News Now - Markets post worst May performace since 2006 - Kavveri Telecom Q4 net declines over 6% - Wall Street opens flat on economy worries - RIM to set up first BlackBerry innovation zone in India - Rajaratnam bragged about sources of inside info: Gupta lawyers More

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, Rel 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," Rel Infra CEO and Whole-time Director Lalit Jalan added.

The company now has a cumulative order for more than 515 km of road project, of which two are commercially operational.

Shares of Rel Infra closed at Rs 1,303, up 0.38 per cent on the BSE.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets post worst May performace since 2006 - Kavveri Telecom Q4 net declines over 6% - Wall Street opens flat on economy worries - RIM to set up first BlackBerry innovation zone in India - Rajaratnam bragged about sources of inside info: Gupta lawyers

Tags : Reliance Infrastructure | NHAI | contruction | road | ADAG   Read Business news in  Advertisements -  India's no. 1 Property Site. Click here to know more -  "Discover The Power of One" -  Help a Child Achieve her. Click to know more -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  The Best Seller is Also the No. 1 in Mileage. Click here -  Watch The Film Here. Click here to know more.. -  Learn How One City is Running on FOOD SCRAPS. -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More -  2 Lac Apartments, 1 Lac House / Plots. Click here