Rel Energy leads race for Delhi metro bid

Reliance Energy (REL), an Anil Dhirubhai Ambani Group company, is believed to have emerged as the highest bidder for an estimated Rs 3,000 crore project for a metro line to connect the international airport and the New Delhi railway station.

A formal announcement is expected in a day or two, sources close to the development said. Reliance Energy spokesperson could not be contacted for comments.

Other bidders for the project are believed to be infrastructure major Larsen & Toubro and a consortium led by GE.

The project for the 22-km metro line with 3-4 stations will be the second one if REL manages to pull off the deal. Reliance Energy had won a similar project in Mumbai.

Earlier, GMR Infrastructure, lead partner of the consortium managing Delhi International Airport (DIAL), had said it would bear 10% cost of the metro line that will connect the airport with the rest of the city.