New Delhi: The Anil Dhirubhai Ambani Group (ADAG) firm Reliance Infrastructure (R-Infra) said it has won a Rs 2,960-crore project from the NHAI.
The contract is for six Ianing of 180-km Delhi-Agra road passing through Haryana and Uttar Pradesh and will be built on design, build, finance, operate and transfer toll basis (DBFOT) under the National Highways Development Project (NHDP).
“Delhi-Agra project will start generating revenues immediately after achieving financial closure, which is expected to be achieved within the next 6 months,” the company said in a statement.
R-Infra has become the country’s largest private sector road developer with its road portfolio having 11 projects with an investment outlay of about Rs 12,000 crore.
Of the total projects, 9 projects worth Rs 9,800 crore would start generating revenue in FY11. CEO and whole-time director of the company, Lalit Jalan said. “We have to achieve financial closure for two projects, which we will do in the next 7 to 10 days,” Jalan said.
“Given our project selection strategy and focus on profitable project corridors, we conservatively expect annual revenue growth of 13% CAGR for the entire concession period of our projects,” he added.
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