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Reliance Infrastructure bags 960-MW hydel power project in HP

06 Aug 2015 Evaluate

Reliance Infrastructure has bagged the 960-MW Jhangi-Thopan-Powari Hydel power project from the Himachal Pradesh (HP) Government. Meanwhile, the Himachal Pradesh Government also approved the allotment of 217 mini and micro hydel projects.

The project has been delayed several times as bidding deadlines were consistently extended since November 5, 2014. This was primarily due to the Himachal Pradesh Government seeking a high premium.

Reliance Infrastructure (RInfra) is a constituent of the Reliance Group, one of the leading business houses in India. RInfra provides Engineering, Procurement and Construction (EPC) services for developing power and road projects. RInfra through its special purpose vehicles has executed a portfolio of infrastructure projects including a metro rail project in Mumbai; eleven road projects with total length of 1,000 kms and cement plants with aggregate capacity of 5.8 million tonnes in Madhya Pradesh and Maharashtra.

Reliance Infra Share Price

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