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Shares of Anil Ambani-led Reliance Infrastructure, which has completed an ₹18,800-crore deal with Adani Transmission for its Mumbai power business earlier this week, jumped 3 per cent on Friday as the company announced that it had received a Letter of Acceptance (LOA) from the Maharashtra State Road Development Corporation (MSRDC) for one package of the Nagpur-Mumbai Expressway project.
Reliance Infrastructure has bagged an EPC contract valued at ₹1,907 crore for Package-7 of the ₹46,000-crore Nagpur-Mumbai Super Communication Expressway (NMSCE), the company said in a statement.
The work on the project, which includes the design, engineering, procurement and construction of a six-lane expressway and associated structures and project facilities, is to be completed in 30 months, the company added.
“This marquee project will add great value to our flourishing order book,” RInfra EPC CEO Arun Gupta said. .
Package-7 of the NMSCE extends 51 km from Bade village to Sawargaon Mal village in Buldhana district.
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