GMR-led consortium bags railway project in UP
04 Mar 2014
Realty major GMR Infrastructure has made its first foray in the railways sector, as a consortium led by it has won the contract for the doubling of rail lines between Jhansi and Bhimsen stations in Uttar Pradesh.
The total contract is valued at approximately Rs267 crore, of which GMR's share of work is about Rs135 crore. The work includes construction of a roadbed, major and minor bridges, track linking, outdoor signal and telecom works, overhead electrification, TSS & general electrical works from Jhansi to Erich Road.
The others in the GMR-led consortium are Tata Projects and Kalindee Rail Nirman, who are partners for OHE and track works and S&T works respectively.
The project is to commence on 2 April 2014 and scheduled for completion in 42 months.
Arun Kumar Sharma, chief executive officer of GMR urban infrastructure & highways, said, ''As a part of our asset-light strategy, we are happy to announce our first foray into the very promising railway construction sector. This win reflects our long term vision of building our EPC expertise in a niche segment like Railways, and will pave the way for similar projects in future.''
