Reliance Infrastructure Wins EPC Contract for Mumbai-Nagpur Expressway
Reliance Infrastructure bid of Rs. 1,907 crore | Receives Letter of Acceptance from MSRDC | Project part of Nagpur-Mumbai Samruddhi Mahamarg
Deepthi | Myequity news | Date : 31-08-2018 13:30:00 IST
Reliance Infrastructure has received the Letter of Acceptance (LOA) from the Maharashtra State Road Development Corporation (MSRDC) for the development of package – 7 of Nagpur-Mumbai Samruddhi Expressway Project on engineering, procurement and construction (EPC) basis.
Earlier, Reliance Infrastructure had emerged as the lowest bidder for the development of package - 7 from km 296 to km 347 (Section – Village Bande to Village Sawargaon Mal in District Buldhana). It is a part of Government of Maharashtra’s flagship Samruddhi Mahamarg Project and is funded by MSRDC.
The scope of work includes design, engineering, procurement and construction of six-lane expressway and associated structures and project facilities. The overall schedule for the project is 30 months from the appointed date.
Commenting on the award, Reliance Infrastructure EPC CEO Arun Gupta, said, “Samruddhi Expressway is a flagship project of Government of Maharashtra and will provide excellent connectivity between Mumbai and Nagpur. This marquee project will add great value to our flourishing order book.”
With the award of package - 7 of Samruddhi Mahamarg, Reliance Infrastructure EPC’s orderbook now exceeds Rs. 10,000 crores in the Maharashtra with other prestigious projects like the Versova-Bandra Sea Link project, and Mumbai Metro Elevated packages.
Reliance Infrastructure is keenly pursuing project opportunities worth around Rs. two lakh crore to increase its EPC order book to Rs. 50,000 crore by FY19. Reliance Infrastructure is equally well-positioned to garner sizeable market share in transport sector.
Reliance Infrastructure EPC has earlier executed large-scale projects worth Rs. 33,000 crore including the ultra mega power project (UMPP) of 3,960 MW at Sasan, Madhya Pradesh. The infrastructure major has been focusing on projects in power, roads, railways, defence and ports.
Reliance Infrastructure EPC is known for its unmatched capability in executing challenging projects, through the right mix of innovation, technology and robust processes to manage cost, time and delivering world-class quality.About Reliance Infrastructure Limited EPC:
Reliance Infrastructure Limited EPC is part of Reliance Infrastructure Limited, which has a consolidated income of Rs 25,398 crore in FY 17-18, and business interests spanning diverse infrastructure segments such as Roads & Highways, Railways & Metros, Mega Civil projects, Water & Marine, and Renewable in addition to Power projects.
Reliance Infrastructure Limited is one of the pioneering names in the business with a project portfolio of 1,000 km of roads, 140 MW of solar power and 9,000 MW of thermal power. The division offers a single point solution for execution of projects from "Concept to Commissioning" including project development, project engineering, procurement, construction and commissioning for clients. 'On-time' project delivery and cost efficiency coupled with an uncompromising commitment to quality form the cornerstones of the business.
With over decades of experience in project execution and delivery, the EPC division of Reliance Infrastructure Limited has been successfully partnering with the nation to offer innovative, quality and on-time execution of complex mega infrastructure projects across diverse sectors and geographies.