Reliance Infrastructure Qualifies For Phase-1 Of Jaipur Metro Rail Project (25-Jan-2012)
Reliance Infrastructure (RInfra), Anil Ambani-promoted company has qualified for Jaipur Metro Rail project Phase-I, along with other three bidders. The other three bidders that have been short-listed by Jaipur Metro Rail Corporation to bid in the financial stage of the project include Consortium led by Essar Projects (India), consisting of Samsung C & T Corporation from Korea; Consortium led by Soma Enterprises, consisting of Inversiones En Concesiones Ferroviarias, S.A.U (ICF) from Spain and Consortium led by Gammon Infrastructure Projects, consisting of Iridium Concesiones de Infraestructuras, S.A from Spain.
The Phase-I of the Jaipur Metro Rail project will consist of two corridors providing connectivity to North-South and East-West corridor. The 23 km long, Corridor-I will connect Sitapura to Ambabari. This corridor will be 5 km underground and 18 km elevated. Meanwhile, the 11.6 km long, Corridor-II will connect Mansarovar to Badi Chaupar with 2.3 km being underground and rest 9.3 km elevated. Major part of Corridor-II work is currently being executed by Government and rest all will be awarded on PPP basis.
Recently, the company reported that it is planning to five wholly owned subsidiaries with itself. The five subsidiaries which will be merged with the company are Reliance Energy, Reliance Energy Generation, Reliance Goa and Samalkot Power, Reliance Infraventures and Reliance Property Developers. The company has also received an approval for the proposed scheme of arrangement.
Reliance Infrastructure has a presence across the value chain of the power business -- generation, transmission, distribution, EPC and trading. It develops projects in all high growth areas in the infrastructure sector, namely roads, highways, metro rails, airports and speciality real estate.
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