Reliance Infra's order-book set to cross Rs 50,000 crore

Anil Dhirubhai Ambani Group-led Reliance Infrastructure Ltd’s order-book position was all set to cross the Rs 50,000-crore mark, a top company official said.

This included EPC, ownership and preferred bidders projects, the official said.

“Our EPC business order-book position stands at Rs 20,075 crore and the company is developing 11 projects aggregating over Rs 13,500 crore of transmission, road and metro rail projects. We are the preferred bidder in four projects of over Rs 20,000 crore in roads, metro rail, sea link and airport sectors,” Reliance Infrastructure’s CEO and whole-time Director, Lalit Jalan, said.

Under its EPC division, the company is working on six major projects and implementing over 7,000 Mw of power projects, Jalan said.

Among the mega-power projects, the company is setting up 1,200 Mw of power projects in Hisar, Haryana, the 500 Mw Parichha Thermal Power Station in Uttar Pradesh and the 1,200 Mw Raghunathpur Thermal Power Station in West Bengal.

It is also setting up the 3,960 Mw Sasan Ultra Mega Power Project in Madhya Pradesh and the 300 Mw Butibori Power Project in Maharashtra, Jalan said. The company has also bagged the Mumbai Metro II project last week.

“The Mumbai Metropolitan Regional Development Authority (MMRDA) has awarded the contract of Mumbai Metro II project to us, for which we are setting up a separate SPV. We have given a project cost of Rs 11,000 crore to MMRDA,” Jalan said.

The company is the preferred bidder in four projects of over Rs 20,000 crore in roads, metro rail, sea link and airport sectors, Jalan said.

Reliance Infrastructure has also emerged a preferred bidder for the Rs 5,100 crore Western Freeway Sea Link project.

The company shall takeover the six-kilometre long Bandra-Worli Sea Link and construct a further 5.5 kilometre long extension over the sea between Worli and Haji Ali in south Mumbai.

The firm will have total tolling rights for the entire stretch of 11.5 kilometre of the Sea Link with a concession period of 40 years, Jalan said.

The company has also emerged the highest bidder to develop, operate and manage all five brownfield regional airports at Nanded, Latur, Yavatmal, Baramati and Osmanabad in Maharashtra for a 95 year lease period.

“When awarded, these projects will take Reliance Infra’s total infrastructure ownership book at Rs 35,000 crore in the next five-year period,” Jalan said. The company has also drawn up capex plans of Rs 450-500 crore for distribution of electricity.