May 23, 2024: Roadway Solutions India Infra Limited (RSIL), an infrastructure development company, has been declared as the lowest bidder in two major infrastructure projects valued at Rs 4,900 crore. These projects are commissioned by the Maharashtra State Road Development Corporation (MSRDC).
The newly secured projects include:
1. Construction of access controlled Pune Ring Road (Package PRR E4)
Valued at Rs 2,251 crore, this project involves building a 24.50 km stretch of the Pune Ring Road, starting from Village Lonikand and ending at Village Walti in Tq. Haveli, Maharashtra. This development is set to enhance connectivity and improve traffic flow around Pune.
2. Construction of access controlled expressway connector to Hindu Hrudaysamrat
This project, valued at Rs 2,650.60 crore, includes the construction of a 13.434 km stretch from Borgaon to Nanded National Highway (NH161). It also involves improving the 4.48 km road from Hingoli Gate – Bafna Chowk – Deglur Naka to Chatrapati Chowk (Dhanegaon Junction), including the construction of a flyover and bridge across the Godavari River in Nanded City.
With these new projects, the company’s order book has now crossed Rs 11,000 crore. In addition to these new ventures, the company is already actively executing three notable packages at the Vadodara Mumbai Expressway in Packages 8, 9, and 10. Furthermore, the company has recently received an equity influx of $120 million.
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