Reliance Infrastructure Limited EPC has successfully bagged the Letter of Award (LOA) from Rail Vikas Nigam Limited (RVNL) for its new railway project worth 774 crores. The project is aimed at the construction of third rail line between Jimidipeta and Gotlam on East Coast Railway on Engineering, Procurement and Construction (EPC) basis, revealed the company on Thursday.
It will also undertake construction of 13 railway stations and staff quarters while including work in track, electrification, civil, telecom and building the rail line that will run in Andhra Pradesh and Odisha.
Arun Gupta, CEO, Reliance Infrastructure EPC, said,
RInfra shares a good credential in the successful execution of complex EPC projects, especially in railway and metro arena. This order will mark our debut into railway EPC segment strengthening our limited bonafide to lead in the construction of railway transportation systems.
The railway line between Jimidipeta to Gotlam is part of Titlagarh-Vizianagaram section. At present, Titlagarh-Vizianagaram is a double line (electrified) track section of Jharsuguda- Visakhapatnam line.
This serves as a vital bypass link to Howrah-Chennai mainline as well as Howrah-Mumbai trunk route.
Indian Railways is also planning an outlay for more than Rs 7 lakhs in the coming 5 years that would focus on de-congestion of the railway line (a possible doubling), new railway line, high-speed railway, and station developments among others.
Reliance Infrastructure Limited is actively pursuing project opportunities worth around Rs. 2 lakh crore to increase its EPC order book to Rs. 50,000 crore by FY19.