Reliance Infra bags Haryana road projects
Reliance Infrastructure said that it has bagged orders from the Public Works Department of Haryana for road projects including four-laning of the Gurgaon-Faridabad stretch.
The company has also received the work to upgrade Ballabgarh-Sohana road on Build, Operate and Transfer (BOT) basis in Haryana, it said in a statement.
However, the financial details were not disclosed. "The project involves construction of a 66-km road length on high-density traffic zone. The project is expected to be completed in two years from the date of commencement with a concession period of 17 years," Reliance Infrastructure said.
According to the statement, the company bagged the order by beating six other bidders.
The Haryana PWD had invited bids in October this year for design, engineering, finance, construction, operation and maintenance, and toll collection.
Reliance Infrastructure is at present in advanced stages of four-laning of five national highway projects in Tamil Nadu, covering a length of 400 kms, at an estimated cost of Rs 3,100 crore.
The company is into development of roads, bridges, metro rail and real estate projects.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.