Afcon bags Rs 2598cr Chennai Metro project
Afcons Infra has bagged a contract worth Rs 2,598 crore for execution of the Chennai Metro Project, reports FE. "In a JV with Russian giant Transtonnelstroy, Afcons Infrastructure, a group company of Shapoorji Pallonji, has secured two landmark metro projects in Chennai, amounting to Rs 2598 crore," the report said quoting an official.
In a joint venture with Russian giant Transtonnelstroy, Afcons Infrastructure, a group company of Shapoorji Pallonji, has bagged two landmark metro projects in Chennai, amounting to Rs 2,598 crore, reported The Financial Express.
The two project contracts with a value of Rs 1,567 crore and Rs 1,031 crore, respectively, cover respective lengths from Washermenpet to Egmore station and from Shenoy Nagar to Thiurmangalam station. These projects, The Financial Express stated, are a part of the tenders floated by the Chennai Metro Rail for design and construction of underground stations and associated tunnels covering a total length of 8.6 km and nine underground stations. The construction works are likely to take off by mid-February 2011 and will be completed by April-end, 2015, the FE report added.
Source: The Financial Express