Pune-based Roadway Solutions India Infra Limited (RSIL) has secured two major infrastructure projects in Maharashtra, valued at a combined total of INR 4,900 crore (USD 590 million). This win strengthens RSIL's position in India's infrastructure sector. The projects include constructing a 24.5-kilometer access-controlled Pune Ring Road and a 13.43-kilometer expressway connector between Jalna and Nanded. These projects, along with recent equity infusion of USD 120 million, boost RSIL's order book to over INR 11,000 crore. Senior VP B.K. Singh emphasized RSIL's commitment to innovation and excellence in transforming India's infrastructure landscape.
Pune-based Roadway Solutions India Infra Limited (RSIL) has secured two major infrastructure projects in Maharashtra, valued at a combined total of INR 4,900 crore. This significant win marks a major milestone for the company and strengthens their position as a key player in India's infrastructure development sector.
The awarded projects focus on improving critical infrastructure in the state. The first project involves constructing a 24.5-kilometer access-controlled Pune Ring Road. This new road will significantly improve traffic flow and connectivity around the growing city of Pune. The second project involves building a 13.43-kilometer expressway connector between Jalna and Nanded. This new route will enhance transportation efficiency and provide a more sustainable infrastructure solution for the region.
These new projects come at a time of significant growth for RSIL. With these wins, the company's order book has now surpassed INR 11,000 crore. This achievement underscores the growing confidence in RSIL's capabilities and future prospects. The company is already actively involved in constructing key sections of the Vadodara Mumbai Expressway (Packages 8, 9, and 10), demonstrating their commitment to delivering high-quality infrastructure projects.
Adding to their momentum, RSIL recently received a significant equity infusion of $120 million. This investment from stakeholders signifies strong investor confidence in the company and will provide vital resources to undertake and complete large-scale infrastructure projects effectively.
B.K. Singh, Sr. Vice President of RSIL, expressed excitement about contributing to crucial projects under the Maharashtra State Road Development Corporation (MSRDC). Singh highlighted RSIL's proven track record, financial strength bolstered by recent equity infusion, and commitment to innovation as key factors positioning them well to push the boundaries of excellence in infrastructure development. RSIL remains dedicated to transforming India's infrastructure landscape by focusing on dedication, innovation, and sustainable practices in their projects.
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