Anil Ambani is on the road to success. After pitching for air- ports, a mass rapid transport system and a sea-link project. Reliance Energy, and its associate companies, has proposed bids for the National Highway Development Programme in five stretches of Tamil Nadu and one in UP. The total project cost for these stretches would be close to Rs 2,200 crore.
The bids were put forward last week, accompanied by competition from the likes of L&T, Asoka Group, GMR Group and Nagarjuna Construction, with others. With the addition of the highways project, REL and group companies have so far submitted either technical bids or quotations for infrastructure projects worth around Rs 11,500 crore. This is Ambanis larger game plan of becoming a mega player in the infrastructure sector in the country, before setting foot overseas for turnkey ventures.
Reliance Energys core business is power utilities; it has already bid for the Delhi and Mumbai airport modernisation (the capital expenditure will be Rs 6,000 crore for each airport, and REL is expected to pick up only one of these) with ASA of Mexico. The group has also submitted technical bid for Mumbais MRTS project, in collaboration with Connex of Prance (the project is expected to cost Rs 1,100 crore), In addition, it has responded to RFQs for the Trans-Harbour Sea Link project in Mumbai, expected to cost Rs 2,500 crore, in collaboration with South Koreas Hyundai Engineering.
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| Posted : 8/24/2005 |
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