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GMR Infrastructure emerges as lowest bidder for Rs 5000 crore railway project

26 Nov 2014

GMR Infrastructure (GIL) led consortium has emerged as lowest bidder in international competitive bidding for two packages of Eastern Dedicated Freight Corridor project involving construction of 417 km long double track railway line from Mughalsarai to new Bhaupur on EPC basis.

The Eastern Dedicated Freight Corridor extends from Ludhiana to Dankuni near Kolkata. Dedicated Freight Corridor Corporation of India (DFCCIL) received five bids for the project wherein the GIL led consortium has quoted a price of Rs 5080 crore. GMR Infrastructure is implementing 2 railway projects for Rail Vikas Nigam (RVNL) at present and has requisite experience to implement the project.

GMR Infrastructure is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure sectors. It has successfully employed the public-private partnership model to build a portfolio of high quality assets.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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