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Construction : Project Update | January 2016 | Source : Infrastructure Today

IL&FS bags Rs.375-cr metro contract

IL&FS Engineering and Construction Company has bagged a Rs.374.64 crore project from Metro-Link Express for Gandhinagar and Ahmedabad (MEGA) for construction of viaduct corridor.

The company ¨has received a Letter of Acceptance (LoA) from Metro-Link Express for Gandhinagar and Ahmedabad (MEGA) Company Ltd... for construction of Viaduct corridor from interface point with Gyaspur depot, abutment of depot to APMC metro rail station to Shreyas metro rail station,¨ IL&FS Engineering said in a regulatory filing. The project is to be completed in 120 weeks from the date of issue of LoA, it added. MEGA is a Special Purpose Vehicle (SPV) incorporated by the Gujarat government to implement Metro Rail Project under the Companies Act, 1956.

The company is executing three metro projects worth over Rs700 crore in Bengaluru for Bangalore Metro Rail Corporation Ltd, in Gurgaon for Rapid Metro Rail Project, Phase-II, and in Kolkata for Rail Vikas Nigam Ltd.

 
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