Bangalore-based infrastructure major, GMR Group, expects to secure Rs 2,500 crore worth road projects from National Highways Authority of India (NHAI) within a year, a senior official of the company said today.
"We are very upbeat on the future of highway development in the country and are interested in the new projects which are being awarded by NHAI in phase III and V of NHDP. We have been shortlisted for a number of these projects and are currently evaluating them," GMR Group Adviser and Director P B Vanchi said.
The company would soon be submitting its request for proposals (RFPs) for six road projects invited by NHAI for four or six laning of roads in one each in Rajasthan, Gujrat, Maharashtra, Tamil Nadu and two in Andhra Pradesh. The total cost of these projects is Rs 8,000-10,000 crore.
Currently, GMR is undertaking road development projects worth Rs 2,000 crore in Andhra Pradesh and Tamil Nadu and hoping to commission them within the current financial year.
Giving details regarding the ongoing projects, Vanchi said: "These projects are four laning of the 107 km stretch between Adloor and Pochanpalli on NH-7 in Andhra Pradesh at a cost of Rs 690 crore.
Another project, which is being set up in Hyderabad on NH-7 is 58 km stretch between Shivrampalli / Faruknagar and Jadcherla, with the total outlay of Rs 490 crore. "This road will be the main corridor for people commuting between Hyderabad city and the new Greenfield Rajiv Gandhi International Airport, which also developed by GMR Group," he informed.
