Reliance Infrastructure’s JV wins Rs 7,000 crore Versova-Bandra Sea Link Project

07 May 2018 Evaluate

Reliance Infrastructure in Joint Venture (JV) with Astaldi S.p.A (Italy) has bagged the engineering, procurement and construction (EPC) contract for the prestigious Versova-Bandra Sea Link Project in Mumbai. The letter of award (LoA) for the project has been issued by Maharashtra State Road Development Corporation (MSRDC).

Reliance Infrastructure-Astaldi S.p.A JV had emerged the most competitive bidder with their bid of Rs 6,993.99 crore. The other bidders in fray were L&T-Samsung JV and Hyundai Development Company-ITD JV.

The tender for the construction of second sea link in Mumbai on EPC-basis was floated by MSRDC. With a length of 17.17 km, Versova-Bandra Sea Link is three times the length of the existing Bandra-Worli Sea Link, which is 5.6 km.

Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as Power, Roads and Metro Rail in the Infrastructure space and the Defence sector.


Reliance Infra Share Price

302.50 13.25 (4.58%)
24-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
NTPC 335.45
Tata Power 399.40
Power Grid Corp 310.15
Adani Power 496.05
Torrent Power 1502.40
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.