Roadway Solutions secures Rs 47 billion LOA for major MSRDC projects
ROADS & HIGHWAYS

Roadway Solutions secures Rs 47 billion LOA for major MSRDC projects

Pune-based Roadway Solutions India Infra Limited (RSIIL) has received a letter of acceptance (LOA) from the Maharashtra State Road Development Corporation (MSRDC) for two significant projects: the Pune Ring Road and the Jalna-Nanded Expressway, with a combined value of Rs 47 billion.

With this latest addition, RSIIL's order book has surpassed Rs 100 billion. Ameet Gadhoke, Managing Director of RSIIL, expressed excitement about the projects, stating, “We are thrilled to have secured these projects, which not only reflect our capabilities but also our commitment to delivering high-quality infrastructure solutions. Our focus remains on contributing to India's transportation network while ensuring sustainability and innovation in all our endeavours.”

The Pune Ring Road project aims to improve connectivity within the Pune metropolitan area, addressing increasing traffic demands and contributing to regional economic growth. It is expected to significantly reduce travel times and enhance commuter safety. Meanwhile, the Jalna-Nanded Expressway will facilitate smoother transportation between these two critical cities, promoting trade and improving accessibility across Maharashtra.

In related news, GR Infraprojects, a publicly listed construction engineering company, recently secured an order worth Rs 18.85 billion for the construction of an access-controlled section of the Pune Ring Road in Pune district, covering a length of 9.341 km.

The overall cost of the Pune Ring Road project has been estimated at approximately Rs 420 billion, following a state government approval for a cost escalation of around Rs 200 billion.

(Business Standard)

Pune-based Roadway Solutions India Infra Limited (RSIIL) has received a letter of acceptance (LOA) from the Maharashtra State Road Development Corporation (MSRDC) for two significant projects: the Pune Ring Road and the Jalna-Nanded Expressway, with a combined value of Rs 47 billion. With this latest addition, RSIIL's order book has surpassed Rs 100 billion. Ameet Gadhoke, Managing Director of RSIIL, expressed excitement about the projects, stating, “We are thrilled to have secured these projects, which not only reflect our capabilities but also our commitment to delivering high-quality infrastructure solutions. Our focus remains on contributing to India's transportation network while ensuring sustainability and innovation in all our endeavours.” The Pune Ring Road project aims to improve connectivity within the Pune metropolitan area, addressing increasing traffic demands and contributing to regional economic growth. It is expected to significantly reduce travel times and enhance commuter safety. Meanwhile, the Jalna-Nanded Expressway will facilitate smoother transportation between these two critical cities, promoting trade and improving accessibility across Maharashtra. In related news, GR Infraprojects, a publicly listed construction engineering company, recently secured an order worth Rs 18.85 billion for the construction of an access-controlled section of the Pune Ring Road in Pune district, covering a length of 9.341 km. The overall cost of the Pune Ring Road project has been estimated at approximately Rs 420 billion, following a state government approval for a cost escalation of around Rs 200 billion. (Business Standard)

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement