Reliance Infrastructure wins Rs 7,000 cr Versova-Bandra sea link project, beats L&T, Hyundai

Adding yet another key win to their orderbook, Anil Ambani Group’s Reliance Infrastructure and partner Astaldi of Italy have won the prestigious Versova-Bandra sea link project at a cost of Rs 6,993.99 cr.

They beat big names like joint ventures of Larsen & Tourbo and Samsung, as well as Hyundai and ITD.

This is the latest in a series of recent big ticket wins for the company, both singly and in consortium with partner Astaldi.

Last month, it won a Rs 774 cr railway line project from the Indian Railways and also a contract to build 20km of the Mumbai Metro line between Wadala and Thane.

In April, it also won a Rs 1,081 cr order to build parts of the Koodankulam Unit 3 and 4 project.

“The letter of award (LoA) for the (Versova-Bandra) project has been issued by Maharashtra State Road Development Corporation (MSRDC),” the company said.

With a length of 17.17 km, Versova-Bandra Sea Link is three times the length of the existing Bandra-Worli Sea Link, which is 5.6 km, and was built by Hindustan Construction Company.

“Our JV with Astaldi S.p.A, the third biggest construction player in the world in bridges with an order backlog of over Rs. two lakh crore, will help us create a truly world class mega infrastructure project for Mumbai,” said Arun Gupta, Reliance Infra’s head for the engineering, procurement and construction (EPC) business.

The largest order executed by Astaldi S.p.A is Izmit Bay Bridge (Gebze-Orhangazi-Izmir Motorway Project) in Turkey with US $7b investment for the entire project. It is the fourth longest suspension bridge worldwide that was completed in April 2016, it added.

The company has also built Western High Speed Diameter Motorway in Saint Petersburg in Russia with Euro 2.2 bln contract value.