GMR Infra set to bag Rs 1,500-cr Andhra highway project
08 Nov 2011
GMR Infrastructure is close to winning a Rs 1,500-crore highway project, connecting Hyderabad with Sangareddy in Andhra Pradesh.
A decision to award the toll-based project will be taken this month, the Business Standard newspaper reporte, quoting unnamed National Highways Authority of India (NHAI) officials.
A company spokesperson declined to comment.
According to NHAI officials, this project is part of a larger 245-km highway development project connecting Hyderabad and Solapur.
The decision to award the contract for this 145-km-long toll-road project will be taken this month.
The highways division is the third main arm of GMR Infra, bringing in less than 10 per cent of the total top line of around Rs6,000 crore.