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R-Infra to buy stranded road projects

R-Infra to buy stranded road projects

Reliance Infrastructure (R-Infra) is planning to buy out licences to build road projects from companies which had bagged these through the bidding route but are then unable to proceed. A number of companies bagged such projects through competitive bidding organised by the National Highways Authority of India (NHAI). However, some of these projects were got by offering a huge premium to the government, after which either financial closure couldn't be achieved or the company just finds it too much and wants to exit. Reliance Infrastructure expects to buy these projects at a cheaper price and turnaround these projects by improving the revenue.

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