R-Infra wins Rs 925 cr NHAI project in TN

The Anil Dhirubhai Ambani Group (ADAG) firm Reliance Infrastructure (R-Infra) today said it has won a Rs 925-crore project from the National Highways Authority (NHAI) in Tamil Nadu.

The six-laning of the 60-km Hosur-Krishnagiri stretch on NH 7 will be built on design, build, finance, operate and transfer (DBFOT) toll basis.

"R-Infra is happy to win the Hosur–Krishnagiri project, which is the 10th road project of the company. The project is being developed on DBFOT (toll) basis with a concession period of 24 years, including the construction period," the company said in a statement.

R-Infra is developing 10 road projects stretching to 790 km with an investment of over Rs 8,700 crore, it said, adding two are already operational and other six are expected to generate revenue in the next financial year.

"The company intends to increase the current portfolio of over Rs 8,000 crore to over Rs 20,000 crore by 2012," it said, adding the firm is looking for opportunities in mega road projects across the country.

The company said it bagged the project facing stiff competition from 15 other bidders "based on highest premium amount of Rs 66.90 crore". The other bidders included GVK, IVRCL, L&T, GMR, Gammon and NCC.