GMR Infrastructure Wins First Railway Project
Bangalore, 4th March, 2014:
A Consortium led by GMR Infrastructure Limited has won construction package of rail line doubling between Jhansi and Bhimsen stations in the State of Uttar Pradesh, India.
The total contract is valued at approximately Rs. 267 Crore of which GMR’s share of work is about Rs. 135 Crore. The work includes Construction of Roadbed, Major & Minor bridges, Track Linking, Outdoor S&T Works, OHE, TSS & General Electrical works from Jhansi to Erich Road
GMR is the Lead Member of the consortium with TATA Projects & Kalindee Rail Nirman Ltd as the partner for OHE and Track works, S&T works respectively. The Project is scheduled to commence from 2nd April 2014 and duration for completion of the project is 42 months.
Rail Vikas Nigam Limited has issued the Letter of Award to GMR consortium on 20th Feb 2014.
Mr. Arun Kumar Sharma, CEO GMR Urban Infrastructure & Highways expressed: “As a part of our Asset Light strategy, we are very happy to announce our first foray into the very promising railway construction sector. This win reflects our long term vision of building our EPC expertise in a niche segment like Railways, and will pave the way for similar projects in future”.
About GMR Infrastructure Limited:
GMR Infrastructure Ltd is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure sectors. It has successfully employed the public-private partnership model to build a portfolio of high quality assets. The Company has 15 power generation assets of which 8 are operational and 7 are under various stages of development and 8 Road assets, of which 7 are operational and one is under construction. In the Airports sector, the Company operates India’s busiest airport, the Indira Gandhi International Airport in New Delhi, where it has built a brand new integrated terminal T3. It has also developed and commissioned the Greenfield international airport at Hyderabad as a gateway to south and central India. It has been part of a consortium that has upgraded and is operating the Istanbul Sabiha Gökçen International Airport. GMR Group is also committed to social development initiatives and executes these through its Corporate Social Responsibility arm, the GMR Varalakshmi Foundation which is present in 24 locations.
For further information about GMR Group, visit www.gmrgroup.in
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