 "IL&FS Engineering bags Rs 375-crore metro rail contract in Gujarat")
IL&FS Engineering and Construction Company has bagged Rs 374.64 crore project from Metro-Link Express for Gandhinagar and Ahmedabad (MEGA) for construction of viaduct corridor.
"The company has received a letter of acceptance (LoA) from Metro-Link Express for Gandhinagar and Ahmedabad (MEGA) Company Ltd... For construction of viaduct corridor from interface point with Gyaspur depot, abutment of depot to APMC metro rail station to Shreyas metro rail station," IL&FS Engineering said in a regulatory filing.
The project is to be completed in 120 weeks from the date of issue of LoA, it added.
MEGA is a special purpose vehicle (SPV) incorporated by the Gujarat government to implement metro rail project under the Companies Act, 1956.
Currently, the company is executing three metro projects worth over Rs 700 crore in Bengaluru for Bangalore Metro Rail Corporation (BMRC) Ltd, in Gurgaon for Rapid Metro Rail Project, Phase-II (RMRG), and in Kolkata for Rail Vikas Nigam Ltd (RVNL).
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