Public Company

RInfra wins Rs 590 cr NHAI road project

Anil Ambani group firm Reliance Infrastructure (Rel Infra) today said the company-led consortium has bagged a road project worth Rs 590 crore from the National Highway Authority of India (NHAI). - NHAI likely to wind up port road connectivity project - NHAI likely to wind up Ennore road connectivity project - NHAI urged to fast track Vallarpadam road project - Wkly tech analyisis: Sensex may find support at 16,400 - R-Infra ready to pay margin fee to RIL, but 'under protest' - R-Infra settles to pay "market margin" to RIL The company-led consortium would invest in design, finance, engineering, construction, operation and maintenance of the 53-km Jaipur-Reengus road stretch in Rajasthan, Rel Infra said in a statement. The highway stretch is expected to be operational by March 2011. Rel Infra is currently executing seven road projects and has fixed a total outlay of over Rs 4,500 crore, the statement added. The company, that builds infrastructure projects and sells electricity, plans to increase its road project portfolio to over Rs 20,000 crore within the next three years. "The project would be completed within the stipulated time frame. With seven road projects, Rel Infra would be committing more than Rs 4,500 crore for the road sector only, with plans to increase the total road project portfolio over Rs 20,000 crore by 2012-13," Rel Infra CEO and Whole-time Director Lalit Jalan added. The company now has a cumulative order for more than 515 km of road project, of which two are commercially operational. Shares of Rel Infra closed at Rs 1,303, up 0.38 per cent on the BSE.


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