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Reliance Infra debuts in railway space, bags EPC contract
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SME Times News Bureau | 19 Apr, 2018
Reliance Infrastructure Limited EPC has received the Letter of Award
(LOA) from Rail Vikas Nigam Limited (RVNL) for its maiden railway
project worth Rs 774 crore for the construction of third rail line
between Jimidipeta and Gotlam on East Coast Railway on Engineering,
Procurement and Construction (EPC) basis, the company said on Thursday.
The
105 km-long line will run in Andhra Pradesh and Odisha. The scope of
work includes civil, track, electrification, signalling and telecom
works of the rail line. The work also includes construction of 13
railway stations and staff quarters.
"RInfra has strong
credential in successful execution of complex EPC projects in various
sectors including railway and metro space. This order marks our foray
into Railway EPC segment and further strengthens Reliance Infrastructure
Limited's bona fide to lead in construction of rail transportation
systems. The company is well positioned in the emerging railway market
and poised to capture a sizable share," said Arun Gupta, CEO, Reliance
Infrastructure EPC.
The railway line between Jimidipeta to Gotlam
is part of Titlagarh-Vizianagaram section. At present,
Titlagarh-Vizianagaram is a double line (electrified) track section of
Jharsuguda- Visakhapatnam line. It is an important rail link
between Jharsuguda and Visakhapatnam, and serves as a bypass rail link
to Howrah-Mumbai trunk route and Howrah-Chennai main line of East Coast
region.
It also caters to the goods and passenger traffic from
Bhubaneswar, Sambalpur and Raygada with Koraput on the
Kottavalsa-Kirandaul line. The line traverses through western Odisha and
Andhra Pradesh. This line will lead to development around the entire
area, the statement said.
Indian Railways has a plan outlay of
more than Rs 7 lakh crores in the coming five years towards decongestion
of railway line (doubling), new railway line, high speed railway,
station development and others.
Reliance Infrastructure Limited
is keenly pursuing project opportunities worth around Rs 2 lakh crore to
increase its EPC order book to Rs 50,000 crore by FY19.
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