The eastern and western rail payload section endeavors are obliged to be unmistakable points of interest in the country by making the incredibly obliged rail transportation limit, it included. Shares of the association were trading lower by 1.19 percent at Rs 16.60 in afternoon trade.
AGMR Infrastructure -drove consortium has sacked a request for development of 417 km-long eastern devoted cargo hall track venture which is assessed to cost Rs 5,080 crore.
“A consortium drove by GMR Infrastructure Ltd has been issued Letter of Award for development of 417-km long Eastern Dedicated Freight Corridor line venture at an expense of Rs 5,080 crore on EPC (Engineering, Procurement and Construction) premise,” the organization said in a documenting to BSE.
GMR Group is not needed to give huge venture to the task since it is executed on EPC premise, it said.
In November 2014, the consortium had developed as the most minimal bidder amongst five contenders for the task through a universal focused offering methodology.
The venture, financed by World Bank, is partitioned into two bundles i.e. from Mughalsarai to Karchana (close Allahabad) for 180 km and from Karchana to Bhaupur (close Kanpur) for 237 km in Uttar Pradesh, the organization said.
The venture includes configuration and development of common, structures and track meets expectations for twofold line route on outline assemble knot whole premise and will be finished in 45 months, it said.
The eastern and western rail cargo hallway undertakings are required to be distinct advantages in the nation by making the quite obliged rail transportation limit, it included. Shares of the organization were exchanging lower by 1.19 percent at Rs 16.60 in evening exchange.