GMR bags Rs 267-crore Railways works deal in UP

Banglore: A Consortium led by GMR Infrastructure Limited has won its maiden railway project. The Rs 267 crore projects involve construction of rail line doubling between Jhansi and Bhimsen stations in the State of Uttar Pradesh, India.

"As a part of our Asset Light strategy, we are very 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," says Arun Kumar Sharma, CEO GMR Urban Infrastructure & Highways expressed.

GMR is the lead member of the consortium with TATA Projects and Kalindee Rail Nirman as the partner for OHE and track works, S&T works respectively. The project is scheduled to commence from 2nd April 2014 and is expected to be completed in 42 months. Rail Vikas Nigam Limited has issued the Letter of Award to GMR consortium on 20th Feb 2014.

The project work includes construction of roadbed, major & minor bridges, track linking, outdoor S&T Works, OHE, TSS & general electrical works from Jhansi to Erich Road. GMR's share of work is valued at around Rs 135 Crore.

GMR Infrastructure is a Bangalore headquartered global infrastructure major with interests in airports, energy, highways and urban Infrastructure sectors. The Company has 15 power generation assets and 8 Road assets operational and under development. In the airports sector, the company operates India's busiest airport, the Indira Gandhi International Airport in New Delhi, and has also developed and commissioned airport at Hyderabad.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.