Roadway Solutions secures Rs 47 billion LOA for major MSRDC projects

22 Oct 2024 CW Team

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)

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