Reliance Infra bags Rs 7000 cr VersovaBandra Sea Link project

first_imgNew Delhi: Reliance Infrastructure Wednesday said it has bagged Rs 7,000 crore Versova-Bandra Sea Link project contract from Maharashtra State Road Development Corporation (MSRDC) in Mumbai. Versova-Bandra Sea Link is a marquee project with a length of 17.17 km, which is three times the length of the Bandra-Worli Sea Link of 5.6 km. Reliance Infrastructure is fully geared to deliver the project in 60 months from the appointed date of June 24, 2019 as per the contract, Reliance Infrastructure said in a BSE filing. Also Read – Maruti cuts production for 8th straight month in SepThe company said Versova-Bandra Sea Link would cut down commute time of Mumbaikars from over 90 minutes to 10 minutes. Last week, ratings agency India Ratings downgraded Reliance Infrastructure’s long-term issuer rating to ‘D – Issuer Not Cooperating’. The downgrade came barely a week after the Anil Ambani-led company’s auditors raised red flags over its financial results as well as “significant doubt” over the group’s ability.last_img

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