The Reliance Infra JV’s Rs6,994 crore bid beat competing bids from an L&T-Samsung joint venture and a Hyundai Development Company-ITD joint venture. Photo: ReutersMumbai: Shares of Reliance Infrastructure Ltd jumped on Monday after the company’s joint venture with Italy’s Astaldi S.p.A won a contract to build the Versova-Bandra sea link project in Mumbai. The proposed sea link is an extension of the existing Bandra-Worli sea link. At 17.17 km, it will be thrice the length of the existing sea link. Under construction at the eastern border of the city is another sea bridge – the Mumbai Trans-Harbour Link – a 22-km freeway to connect South Mumbai to Navi Mumbai.

Source: Mint May 07, 2018 18:22 UTC