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A consortium led by GMR Infrastructure Ltd has won construction package of rail line doubling between Jhansi and Bhimsen stations in Uttar Pradesh.
The total contract is valued at about Rs 267 crore of which GMR’s share of work is about Rs 135 crore. The work includes construction of roadbed, major and minor bridges and track linking.
The other members of the consortium include Tata Projects and Kalindee Rail Nirman Ltd.
The project is scheduled to commence from April 2014 and duration for completion of the project is 42 months.
Arun Kumar Sharma, CEO GMR Urban Infrastructure & Highways, said : “As a part of our asset light strategy, we are very happy to announce our foray into the very promising railway construction sector."
At 12.18 pm, GMR Infrastructure shares were trading up 2.45 per cent at Rs 20.90 on the BSE.
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