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RInfra receives LOA worth Rs 1,584 crore

13 Apr 2018 Evaluate

Reliance Infrastructure (RInfra) has received the Letter of Award (LOA) from the Mumbai Metropolitan Region Development Authority (MMRDA) for three packages worth Rs 1,584 crore for the construction of Mumbai Metro for the North-South Metro-4 corridor which will run between Kasarwadavali in Thane and Wadala. Work has to be completed within 30 months.

The company had participated in the tender for engineering, procurement and construction (EPC) contracts for five packages in a joint venture with Astaldi S.P.A, Italy.

The scope of work includes, part design and construction of elevated viaduct and elevated stations (excluding architectural finishing and pre-engineered steel roof structure of stations) of Line - 4 Corridor (Wadala to Kasarvadavali) of Mumbai Metro Rail Project of MMRDA. This includes entry and exit structures of the stations.

RInfra 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.

Peers
Company Name CMP
NTPC 333.30
Tata Power 365.00
Adani Power 209.85
Power Grid Corpn. 269.10
Adani Energy Solut. 1373.75
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