Pune's RSIIL bags Rs 49 billion deals from MSRDC
ROADS & HIGHWAYS

Pune's RSIIL bags Rs 49 billion deals from MSRDC

Roadway Solutions India Infra (RSIIL), which emerged as a separate entity from Roadway Solutions India (RSIPL), announced that it had secured two infrastructure projects worth Rs 49 billion from Maharashtra State Road Development Corporation (MSRDC).

It was stated by RSIIL that these projects would contribute to the enhancement of Pune's connectivity and facilitate smoother traffic flow. The company issued a statement indicating that it had been identified as the lowest bidder for these projects.

Furthermore, the company mentioned in its statement that its order book had now surpassed Rs 110 billion with the addition of these new projects.
One of the projects pertains to the construction of the Access Controlled Pune Ring Road in Pune district, stretching from Village Lonikand to near Village Walti in Maharashtra, under the Engineering, Procurement, and Construction (EPC) mode, with a valuation of Rs 22.51 billion.

The other project involves the construction of the Access Controlled Expressway Connector linking Hindu Hrudaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg from Jalna to Nanded in Maharashtra.

Moreover, the company disclosed that aside from these new endeavors, it was currently engaged in the execution of three significant packages along the Vadodara Mumbai Expressway in Packages 8, 9, and 10.

It was also mentioned in the statement that in March, Mauritius-based and India-focused AG Dynamic Funds Limited had entered into a memorandum of understanding for strategic investment aimed at expediting growth and reinforcing the market presence of Roadway Solutions India Infra, particularly focusing on road construction and development.

Roadway Solutions India Infra (RSIIL), which emerged as a separate entity from Roadway Solutions India (RSIPL), announced that it had secured two infrastructure projects worth Rs 49 billion from Maharashtra State Road Development Corporation (MSRDC).It was stated by RSIIL that these projects would contribute to the enhancement of Pune's connectivity and facilitate smoother traffic flow. The company issued a statement indicating that it had been identified as the lowest bidder for these projects.Furthermore, the company mentioned in its statement that its order book had now surpassed Rs 110 billion with the addition of these new projects.One of the projects pertains to the construction of the Access Controlled Pune Ring Road in Pune district, stretching from Village Lonikand to near Village Walti in Maharashtra, under the Engineering, Procurement, and Construction (EPC) mode, with a valuation of Rs 22.51 billion.The other project involves the construction of the Access Controlled Expressway Connector linking Hindu Hrudaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg from Jalna to Nanded in Maharashtra.Moreover, the company disclosed that aside from these new endeavors, it was currently engaged in the execution of three significant packages along the Vadodara Mumbai Expressway in Packages 8, 9, and 10.It was also mentioned in the statement that in March, Mauritius-based and India-focused AG Dynamic Funds Limited had entered into a memorandum of understanding for strategic investment aimed at expediting growth and reinforcing the market presence of Roadway Solutions India Infra, particularly focusing on road construction and development.

Next Story
Infrastructure Energy

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Next Story
Infrastructure Urban

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Next Story
Infrastructure Energy

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?