RPP Infra recently signed a Joint Venture (JV) with Hunan Constrution Engineering Group Corporation (HCEGC). The company plans to develop projects and hopes to bid in high value tenders via the HCEGC JV.
Speaking with CNBCTV-18, A Nithya, wholetime director, RPP Infra Projects said that with this JV the company will now be able to work for tenders worth more than Rs 200 crore which is twice their current capacity.She also said that HCEGC will be using their own funds for bidding and execution of the projects in India.At present the company is planning to bid on six projects, starting from December 2015, after Hunan completes the project analyzation.Watch video for more.
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