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  Business   Companies  07 May 2018  R Infra-Astaldi JV bags Rs 7,000 cr Versova-Bandra sea link project

R Infra-Astaldi JV bags Rs 7,000 cr Versova-Bandra sea link project

PTI
Published : May 7, 2018, 1:10 pm IST
Updated : May 7, 2018, 1:10 pm IST

The JV has bagged the engineering, procurement and construction (EPC) contract for Versova-Bandra sea link.

Reliance Infrastructure(RInfra) and Astaldi S p A (Italy) in a joint venture have bagged Rs 7,000 crore order for construction of the second sea link in Mumbai.
 Reliance Infrastructure(RInfra) and Astaldi S p A (Italy) in a joint venture have bagged Rs 7,000 crore order for construction of the second sea link in Mumbai.

New Delhi: Reliance Infrastructure(RInfra) and Astaldi S p A (Italy) in a joint venture have bagged Rs 7,000 crore order for construction of the second sea link in Mumbai.

The JV has bagged the engineering, procurement and construction (EPC) contract for Versova-Bandra sea link, RInfra said in a BSE filing.

"The letter of award (LoA) for the project has been issued by Maharashtra State Road Development Corporation (MSRDC). RInfra-Astaldi JV had emerged the most competitive bidder with 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.

Tags: reliance infrastructure, joint venture, sea link, bse filing, msrdc
Location: India, Delhi, New Delhi