Reliance Infrastructure (RInfra) and Astaldi S p A (Italy) in a joint venture have bagged a Rs 7,000-crore order for construction of the second sea link in Mumbai. The joint venture has bagged the engineering, procurement and construction (EPC) contract for the Versova-Bandra sea link, RInfra said in a BSE filing.
“The letter of award (LoA) for the project has been issued by the Maharashtra State Road Development Corporation (MSRDC). RInfra-Astaldi JV had emerged the most competitive bidder with a bid of Rs 6,993.99 crore,” it added. RInfa said the other bidders in the fray were L&T-Samsung JV and Hyundai Development Company-ITD JV.
The 17.17-km-long Versova-Bandra project will be three times the length of the existing Bandra-Worli sea link. The project is to be commissioned in 60 months, the company said. Shares of RInfra were trading 1.53 per cent higher at Rs 428.50 apiece on BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.