RInfra to bid for at least 5 highway projects this year

27 Jun 2011 Evaluate

Reliance Infrastructure will bid for at least 5 road projects of the 18 that the National Highways Authority of India (NHAI) is likely to call for this year. NHAI is expected to award contracts to build 7,300 km of road worth Rs 50,000 crore this year. Last year it awarded contracts for 1,800 km.

Currently, with a portfolio of 11 projects (of 1,000 km and worth Rs 12,000 crore) across four metros and seven tier II cities, Reliance Infra holds 8 per cent market share. The company intends to take that to 10 per cent by end of the current year.

With almost 10 projects expected to go operational and start generating revenue latest by the end of 2011, it expects at least Rs 1,000-crore revenue for the whole of 2012-13. In the power sector, Reliance Infra, which distributes power in Delhi and Mumbai, hopes to bid for licenses in more cities in the next couple of years as the sector gradually opens up.

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