Essel Infra Bags First Railway Project Under Annuity Mode for Rs 1706 Cr | CORPORATE ETHOS

Essel Infra Bags First Railway Project Under Annuity Mode for Rs 1706 Cr

By: | July 5, 2018
Indian railways

Jul 5: Essel Infraprojects Ltd (EIL), an enterprise of Subhash Chandra led Essel Group, has bagged India’s first railway project under Annuity mode for Rs 1,706 crore on the Eastern Freight Corridor connecting Howrah and Chennai main line.

“Essel Infra has emerged as the winner piping ICRON International, an Indian Railways infrastructure arm. The project will undertake complete major and minor bridges/ Rail-over Bridge (ROB) Rail-under Bridge (RUB), Foot-over Bridge (FOB), platform shelters, water supply & waste disposal system, drainage/ bank protection.

Entire design, drawing, measurements, supervision and quality checks would be undertaken effectively,” said an official statement from the company.

On the occasion, Kamal Maheshwari, President – Business Development, Essel Infraprojects Ltd, said, “we are proud to win India’s first Private Project in Railways under PPP Annuity Mode. This is an important milestone to achieve the goal of our commitment towards ‘Nation Building’ and connecting the India’s most important region under Eastern Freight Corridor. We would enter into high-speed transport network including Airports, Metros and Express Highways”.

Safety at work site Signaling & Telecommunication works (indoor/outdoor) Railway electrification and general electrification would also be an important work under this project, the company added.