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Sunday, Oct 30, 2005


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GMR bags Rs 1,500-cr road projects

Our Bureau

HYDERABAD: GMR Group has announced that it has won three road projects worth Rs 1,500 crore amidst stiff competition. The road projects are for a total length of 205 kilometres on build, operate and transfer (BOT) basis with a concession period of 20 years.

According to a press release, the Group bagged the first road project worth Rs 650 crore between Adloor Yellareddy and Gundla Pochampalli on the National Highway-7 passing through Nizamabad and Medak districts of Andhra Pradesh covering a distance of about 100 km.

The second project is between Shivrampalli and Jadcherla on the NH-7 in Andhra Pradesh covering 70 km at a cost of Rs 450 crore. The third project worth Rs 400 crore is for expansion of the Ambala-Chandigarh corridor in the Haryana and Punjab covering a distance of 35 km, the release said.

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