R Infra-Astaldi JV bags Rs 7k cr Versova-Bandra sea link project in Mumbai

Reliance Infrastructure(RInfra) and Astaldi S p A (Italy) in a joint venture have bagged Rs 7,000 crore order for construction of the second sea link in Mumbai.

The JV has bagged the engineering, procurement and construction (EPC) contract for Versova-Bandra sea link, RInfra said in a BSE filing.

"The letter of award (LoA) for the project has been issued by Maharashtra State Road Development Corporation (MSRDC). RInfra-Astaldi JV had emerged the most competitive bidder with bid of Rs 6,993.99 crore," it added.


RInfa said the other bidders in the fray were L&T-Samsung JV and Hyundai Development Company-ITD JV.

The 17.17 km long Versova-Bandra project will be three times the length of the existing Bandra-Worli sea link. The project is to be commissioned in 60 months, the company said.

Shares of RInfra were trading 1.53 per cent higher at Rs 428.50 apiece on BSE.