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

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000