Reliance Infrastructure (RInfra) has received the Letter of Acceptance (LOA) from the National Highways Authority of India (NHAI) for the construction of Vikkaravandi to Sethiyahopu section of NH-45 C in Tamil Nadu after it emerged as the lowest bidder for the development of the project on Engineering, Procurement & Construction (EPC) basis.
The project is under the Government of India’s flagship program of the National Highway Development Program (phase IV) and is funded by NHAI. The infrastructure major, one of the largest NHAI concessionaires, after quoting Rs 711 crore for the project, was declared the successful bidder. The project is to be completed within a construction period of 24 months. The contract includes design and construction of the 65.96 km long highway including major and minor bridges, railway over bridges, flyover, bypasses and toll plaza as major components of the project. The maintenance period for the project is four years. Other bidders for the project included L&T, IL&FS and Punj Lloyd.
Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as Power, Roads and Metro Rail in the Infrastructure space and the Defence sector. The company is also a leading utility company having presence across the value chain of power businesses i.e. Generation, Transmission, Distribution and Power Trading.