R-Infra looks for ongoing projects to boost toll biz

14 Jun 2011 Evaluate

With the National Highways Authority of India planning to put 30 such projects for bidding under the fifth phase of the National Highways Development Programme, Reliance Infra is eying more business in this segment. Currently developing 11 road projects worth Rs 12,000 crore, it is eyeing eight to 10 per cent market share in the sector. The company has highway projects spanning 970 km. While four of these are operating, two more are expected to start operations this quarter.
 
With the highway sector becoming very competitive, a number of companies are bidding for the same project. This has made Reliance Infra look at bigger ones, looking at traffic growth and geographic location. The target is 15-20 per cent yearly return. For instance, the company is planning to bid for a mega road project between Kishangarh, Udaipur and Ahmadabad, the estimated cost being Rs 5,000 crore, in a consortium with IRB Infrastructure. Around a dozen bidders are expected, with financial bids expected this month.

Reliance Infra Share Price

287.25 -6.60 (-2.25%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
NTPC 333.30
Tata Power 401.25
Power Grid Corp 315.75
Adani Power 498.45
Torrent Power 1476.80
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.