Reliance Infrastructure Wins Rs 1725 cr Pune-Satara Road Project From NHAI

• Six laning of 140 km long project, estimated to be around Rs 1725 cr
• First road project in Western India
• RInfra executing 8 road projects with total outlay of over Rs 6500 crore totaling 655 km
• Project expected to be operational by July 2012
• RInfra exploring opportunities in Ultra Mega Road projects
• Plans to increase road portfolio to over Rs. 20,000 cr. by 2012

Mumbai, December 4th, 2009: Reliance Infrastructure Ltd. (RInfra), a unit of Anil Dhirubhai Ambani Group (ADAG), led consortium has won the Pune-Satara six laning road project in Maharashtra from National Highway Authority of India (NHAI). The project is to be executed on Design, Build, Finance, Operate and Transfer (toll) basis with a concession period of 24 years, including the construction period.

The project is implemented under NHAI's, National Highways Development Programme (Phase V), with an estimated NHAI cost of Rs.1725 crore. The company will invest in the six laning and maintenance of 140 km long stretch of Pune-Satara section of NH-4 (from km. 725 to km. 865.35).

Tolling of this project would commence with the signing of the Concession Agreement and financial closure and is expected to be operational by July 2012.

This 140 km long stretch falls on NH-4 and is the main corridor connecting Mumbai and Pune to southern parts of India including Bangalore and Chennai. This is also the main access road to tourist destinations such as Panchagani, Mahabaleswar, Kholapur etc.

RInfra bagged the project based on highest premium amount of Rs.90.90 crore. RFQ documents were issued during November 2008 and 18 parties were short-listed. Of these, nine bidders submitted the final bid.

On this occasion, Mr. Lalit Jalan, CEO and whole-time director, Reliance Infrastructure said, "We are happy to win this prestigious Pune-Satara road projects in Maharashtra. With eight road projects, totaling to 655 km, RInfra will be investing more than Rs. 6,500 crore for the road sector. We are confident of increasing our investments in road projects over Rs 20,000 crore by 2012."

He further added that "In the last two years, we have emerged as one of the largest developers of road and highway projects. We will maintain our leadership position in the road sector and will look for opportunities in Ultra Mega Road Projects that will be available across India."

RInfra's two road projects in Tamil Nadu i.e., Namakkal - Karur Toll Project and Dindigul - Samynalore Toll Project worth Rs. 760 crore are now commercially operational. The rest are at the various stages of development..

RInfra is India's largest infrastructure company with Rs. 27,000 crores of infrastructure projects. To maximize the growth and profitability, RInfra is demerging its different units. All road projects are now handled by Reliance Infraventures Ltd., which is 100% subsidiary of RInfra.

Reliance Infrastructure Limited

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

Reliance Anil Dhirubhai Ambani Group currently has a market capitalization of around Rs. 1,65,000 crore, net worth in excess of Rs. 64,000 crore, operating cash flow of Rs. 13,000 crore, net profit of around Rs. 8,400 crore 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 capitalisation.

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