R-Infra gets Rs 1,000-cr contract from Gujarat govt

Anil Dhirubhai Ambani Group (ADAG)’s flagship company Reliance Infrastructure Ltd (R-Infra) has won a Rs 1,000-crore road project from the Gujarat government.

R-Infra quoted Rs 42-crore premium over the bids of rival companies such as GVK Power and Infrastructure Limited (GVKPIL), GMR Infrastructure, B Sennaih and C&C, JMC Srei and Sadhbhav.

The project is to execute a 71 kilometre four-six lane corridor connecting the ports of Mundra and Kandla in Gujarat. The project has to be completed by December 2012 on a design, build, finance, operate and transfer (toll) basis with a concession period of 25 years.

The bidding process for this project started in February and 20 bidders were qualified in the initial screening stage. The shortlisted six companies submitted their final bids on December 3. The bids were opened on Monday, said sources. An R-Infra spokesperson declined to comment. The company plans to increase its investments in road projects to over Rs 20,000 crore by 2012. R-Infra is also looking for opportunities in ultra mega road projects across India, Lalit Jalan, chief executive of R-Infra, had told Business Standard in a recent interview.