Published On:May 24 2024
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Pune's RSIIL Lands Rs. 4,900 Crore Contracts from MSRDC

Roadway Solutions India Infra Limited (RSIIL), a demerged entity from Roadway Solutions India Private Limited (RSIPL), has secured two significant infrastructure projects from the Maharashtra State Road Development Corporation (MSRDC) amounting to Rs 4,900 crore.

The projects, announced on Thursday, are poised to enhance Pune's connectivity and alleviate traffic congestion. RSIIL confirmed its status as the lowest bidder for these projects through an official statement.

With these new additions, RSIIL's order book has now surged past Rs 11,000 crore, as disclosed in the statement.

One of the projects entails the construction of the Access Controlled Pune Ring Road in Pune district, stretching from Village Lonikand to Village Walti in Maharashtra on an Engineering, Procurement, and Construction (EPC) basis. This project holds a value of Rs 2,251 crore.

The second project involves the construction of the Access Controlled Expressway Connector to Hindu Hrudaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg from Jalna to Nanded in Maharashtra.

Furthermore, RSIIL is actively engaged in executing three significant packages along the Vadodara Mumbai Expressway in Packages 8, 9, and 10, according to the statement.

In a strategic move earlier in March, Mauritius-based AG Dynamic Funds Limited, focused on India, signed a memorandum of understanding to make a strategic investment in RSIIL. This investment aims to expedite growth and fortify RSIIL's market presence in road construction and development.

ET





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