Reliance Infra wins ₹650 cr airport contract

Reliance Infrastructure has been declared as the lowest bidder and is close to bagging an order for construction of an airport at Hirasar in Gujarat‘s Rajkot district entailing an investment of ₹650 crore. The winning bidder emerged the lowest in a tender floated by the Airports Authority of India (AAI) for the construction of the project. The new airport is expected to reduce the bottleneck at the existing Rajkot airport, which is small and cannot be expanded and that the company will soon complete the procedure and award the project. The company on its part has also confirmed this stating that other companies, which were in the contest included L&T, Afcons, Dilip Buildcon and Gayatri Projects, said official sources, claiming that work on the entire project is to be completed in 30 months from date of issue of letter of award (LoA).