+
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)

Next Story
Real Estate

DLF Returns to Mumbai with Premium Andheri Residential Project

Delhi-NCR based real estate major DLF announced its return to the Mumbai market on 17 July with the launch of its premium residential project, The WestPark, in Andheri. The first phase includes 416 apartments spread across four towers, with two towers launched on the announcement day. The company plans to invest over Rs 8 billion in the project and expects a topline exceeding Rs 20 billion from Phase 1.“We have launched two towers and, given the strong response, plan to unveil the remaining two towers ahead of schedule, within the next few days,” said Aakash Ohri, Joint Managing Director o..

Next Story
Infrastructure Urban

APCRDA Advances Net Zero Goal with IGBC Training for Officials

In a significant stride towards Andhra Pradesh’s Net Zero target by 2040 and the Swarna Andhra 2047 vision, the Andhra Pradesh Capital Region Development Authority (APCRDA), in partnership with the Indian Green Building Council (IGBC), conducted a high-level capacity-building programme for senior officials in Vijayawada on Friday.Held at a city hotel, the session saw the participation of over 50 senior APCRDA officials, including the Engineer-in-Chief, Chief Engineer (H&B), Director (Planning), Director (Environment), and heads of key departments. The training centred on IGBC’s Green B..

Next Story
Infrastructure Energy

Assam Solar Project Halted as Waaree EPC Contract Is Cancelled

Following the Assam government’s withdrawal from its proposed solar project, the Engineering, Procurement, and Construction (EPC) contract awarded to Waaree Renewable has been suspended. Waaree Group’s EPC division informed the stock exchange of this development through a regulatory filing.The Assam solar project was suspended due to funding challenges, which rendered the initiative unviable for the state government. Waaree Renewable Transmission Limited (RTL) explained that the Government of Assam has withdrawn the project’s funding via the Asian Development Bank (ADB) loan. Consequentl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?