As reported, seven of the 10 infrastructure developers who made bids for Mumbai’s Metro Line 2B and Metro Line 4 have been awarded contracts. Metro Line 2B is 23.6 km long with 22 stations and stretches from DN Nagar to Mandala, Metro Line 4 is 32.3 km long with 32 stations connecting Wadala and Kasarvadavali.
Reliance Infrastructure (RIL) has recently been awarded a Rs 3,647-crore engineering, procurement and construction (EPC) contract by the Tamil Nadu Generation and Distribution Corporation (TANGEDCO), which is establishing a multi-crore supercritical thermal power plant at Uppur.
Maharashtra State Road Development Corporation (MSRDC) has received pre-qualification applications from 33 companies for constructing the proposed Nagpur Mumbai Super Communication Expressway (NMSCE). Of these 33 companies, 17 are sole applicants while rest are JVs. The applications were invited by MSRDC in January 2017.
As reported, Government auditor Comptroller and Auditor General (CAG) has revealed that the Income Tax Department has provided irregular tax benefits to infrastructure companies without verification. This has a tax effect of over Rs 4,500 crore.
Mumbai Metro One Private Limited (MMOPL) said it would be able to operationalise the Metro 1 -Andheri-Versova-Ghakopar corridor - in December 2013, as envisaged earlier. Officials of Reliance Infrastructure, which is a joint venture partner of the project, said this at a recent board meeting. MMOPL is a joint venture between Reliance and the
To cut down its debt burdern of about Rs 21,976 .18 crore, Reliance Infrastructure (R-Infra) is mulling to sell either all or most of its 11 road projects. R-Infra is a part of the Anil Ambani-led Reliance Group. R-Infra has appointed consulting firm EY or Ernst and Young, to oversee the sale.