Reliance Infrastructure Ltd (RInfra) today said it has won a Rs 882 contract for a highway stretch in Bihar.
"RInfra has received the Letter of Award (LOA) from the National Highways Authority of India (NHAI) for the six-laning of Aurangabad to Bihar-Jharkhand border (Chordaha) section of NH-2 in Bihar after it emerged as the lowest bidder for the development of the project on engineering, procurement and construction (EPC) basis," the company said in a statement.
The project for six-laning of the highway stretch on NH-2 in Bihar is under the Government of India's flagship National Highway Development Program (phase V) and is funded by NHAI.
RInfra said it was declared successful bidder after quoting Rs 882 crore for the project and the scope of work includes design, engineering, procurement and construction of six-lane highway and associated bridges with paved shoulders. The overall schedule for project is 24 months from the appointed date.
Commenting on the award, RInfra EPC CEO Arun Gupta said, "This order is reflective of RInfra's steadily expanding footprint in the road infrastructure space following its growing presence in mega projects in power sector, both in the international and domestic markets. We are poised to tap potential business opportunities in EPC domain in the areas of transportation, power, heavy civil works, and oil and gas."
RInfra said it is keenly pursuing project opportunities worth around Rs two lakh crore to increase its EPC order book to Rs 50,000 crore by FY19.
The Company currently operates eleven road projects with total length of 1,000 kms on build, operate and transfer (BOT) basis.
Disclaimer: No Business Standard Journalist was involved in creation of this content
