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14-Sep2018

RInfra consortium submits PS - BG, MA - BG for Versova Bandra Sea Link project

Reliance Infrastructure (RInfra) consortium has submitted Performance Security Bank Guarantee (PS - BG) and Mobilisation Advance Bank Guarantee (MA - BG) to Maharashtra State Road Development Corporation (MSRDC) for Versova Bandra Sea Link Project (VBSL). The consortium has submitted Rs 350 crore of PS - BG and Rs 385 crore of MA - BG to MSRDC.

The Reliance Infrastructure consortium has submitted the guarantees ahead of time for fast track completion of this prestigious project. Reliance Infrastructure - Astaldi S.p.A (Italy) Consortium had signed an agreement with MSRDC on September 04, 2018 for construction of prestigious Versova-Bandra Sea Link Project in Mumbai.

RInfra is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as Power, Roads and Metro Rail in the Infrastructure space and the Defence sector.


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