RInfra Wins Jaipur-Reengus Road Project from NHAI

• 53 km road project in Rajasthan is estimated Rs.590 crore
• RInfra bagged the project based on lowest grant of Rs.103 crore
• RInfra is now executing seven road projects with total outlay of over Rs 4,500 crore
• RInfra's seven road projects expected to be operational by March 2011

Mumbai, October 20, 2009: Reliance Infrastructure Limited (RInfra), a unit of Reliance Group, led consortium has won the Jaipur -Reengus road project in Rajasthan from National Highway Authority of India (NHAI) on a BOT (toll) basis, for concession period of 18 years - including the construction period.

The project is implemented under NHAI's, National Highways Development Programme (Phase III), with an estimated project cost of Rs.590 crore. RInfra will invest in design, engineering, finance, construction, operation and maintenance for 4/6 laning of Jaipur - Reengus Section.

Seventeen parties were initially short-listed for RFQ, out of which only two submitted the final bids. RInfra bagged the project based on the lowest grant amount of Rs.103 crore.

The 53 km long highway stretch (from km. 246.300 to km. 298.075) falls on NH-11, connecting Jaipur to Bikaner via Sikar and would be operational by March 2011. Once completed, this will facilitate the smooth ride of vehicles on Jaipur-Reengus-Sikar-Bikaner corridor.

On this occasion, Mr. Lalit Jalan, CEO and Whole-time Director, Reliance Infrastructure said, "We are happy to win Jaipur - Reengus road contract in Rajasthan, which is the seventh road project that RInfra has won. The project would be completed within the stipulated time frame. With seven road projects, RInfra would be committing more than Rs 4,500 crore for the road sector only, with plans to increase the total road project portfolio over Rs. 20,000 crore by 2012-13."

RInfra, now has a cumulative order for more than 515 km of road project, out of which two are commercially operational. The rest are at the various stages of development. All seven road projects are expected to be operational by March 2011.

Reliance Infrastructure in the last two years has emerged as the country's largest developer of road and highway projects. Company's two road projects in Tamil Nadu i.e., Namakkal - Karur Toll Project and Dindigul - Samynalore Toll Project, worth Rs. 763 crore involving construction of 96 km road length, are now commercially operational.

Reliance Infrastructure Limited

Reliance Infrastructure, a part of Reliance Group, is India's leading private sector utility Company.

Reliance Group currently has a market capitalization of around Rs. 1,65,000 crore (US$ 35.1 Bn), net worth in excess of Rs. 64,000 crore (US$ 13.6 Bn), operating cash flow of Rs. 13,000 (US$ 2.8 Bn) crore, net profit of around Rs. 8,400 crore (US$ 1.8 Bn) and zero net debt.

Reliance Infrastructure is ranked amongst India's top 25 listed private companies in terms of all major financial parameters, including assets, sales, net worth, profits and market capitalization.

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