RInfra bags Rs 882 crore road contract from NHAI

Anil Ambani-led Reliance Infrastructure (RInfra) today said it has bagged a Rs 882 contract from the National Highways Authority of India (NHAI) for six-laning of Aurangabad to BiharJharkhand border (Chordaha) section of NH-2 in Bihar.
The company has received the Letter of Award (LoA) for the project from NHAI under the National Highway Development Program (phase V), to be developed on engineering, procurement and construction (EPC) basis, it said in a statement here.
The scope of work includes design, engineering, procurement and construction of a six-lane highway and associated bridges with paved shoulders and is expected to be completed within 24 months from the appointed date.

"This order is reflective of our steadily expanding footprint in the road infrastructure space following the growing presence in mega projects in power sector, both in the international and domestic markets," RInfra EPC Chief Executive Arun Gupta said.
He further said the company is poised to tap potential business opportunities in the EPC domain in the areas of transportation, power, heavy civil works, and oil and gas.
RInfra is keenly pursuing project opportunities worth around Rs 2 trillion to increase its EPC order book to Rs 50,000 crore by FY19.

"The company is equally well-positioned to garner a sizeable market share in the transport sector," it said.

RInfra EPC has been shortlisted for some prestigious projects like the Bandra-Versova Sea Link, Mumbai Coastal Road, and the Mumbai-Nagpur Expressway, the release said.
The company has so far executed large-scale projects worth Rs 33,000 crore including the ultra mega power project (UMPP) of 3,960 MW at Sasan, Madhya Pradesh.
RInfra, which has been focusing on projects in power, roads, railways, defence and ports, currently operates eleven road projects with a total length of 1,000 km on build, operate and transfer (BOT) basis.