INSUBCONTINENT EXCLUSIVE:
Shares of Reliance Infrastructure rallied over 3 per cent
on Friday as the company submitted performance security bank guarantee (PS-BG)
and mobilisation advance bank guarantee (MA-BG) to the Maharashtra State Road Development Corporation (MSRDC) for Versova-Bandra Sea Link
was 3.26 per cent up at Rs 454.50 at around
11.40 am while the BSE Sensex was up 0.44 per cent at 37,882.
The consortium of Reliance
Infrastructure and Astaldi (Italy) signed an agreement with MSRDC on September 4 for construction of the prestigious project in
Mumbai.
RInfra-Astaldi had earlier bagged the engineering, procurement and construction (EPC) contract for the Rs 7,000 crore project on a
The consortium had emerged as the most competitive bidder with its bid of Rs 6,993.99 crore
Other bidders in the fray were LT-Samsung and Hyundai Development Company-ITD
The tender for the construction of second sea link in Mumbai on EPC-basis was floated by MSRDC
With a length of 17.17 km, the Versova-Bandra Sea Link is three times the length of the existing Bandra-Worli Sea Link, which is 5.6 km.
