Deals

Reliance Infrastructure bags INR30bn road project

Reliance Infrastructure, the Indian infrastructure firm, has signed an agreement with the National Highways Authority of India (NHAI) for developing a road project worth INR30bn. The project involves the six-laning of the 180km highway that connects Delhi to Agra in the north of India.

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Indian firm Reliance Infrastructure has signed an agreement with the National Highways Authority of India (NHAI) for developing the INR30 billion (€497 million; $642 million) Delhi-Agra highway project, according to media reports.

The company has signed a concession agreement for the six-laning of the 180-km stretch of the Delhi-Agra road project, estimated at a total cost of INR30 billion.

Reliance Infrastructure, which is developing a total of 11 road projects with the NHAI entailing a total investment of INR120 billion, plans to further increase its road portfolio to over INR250 billion by 2012.