Chennai, 04 July, 2018: In a major development, Essel Infraprojects Ltd (EIL), an enterprise of Shri Subhash Chandra led Essel Group, has bagged India’s first Railway project under Annuity mode for Rs 1706 crore on the Eastern Freight Corridor connecting Howrah and Chennai main line.
On the occasion, Mr. Kamal Maheshwari, President – Business Development, Essel Infraprojects Limited, 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”.
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.
Safety at work site Signaling & Telecommunication works (indoor/outdoor) Railway electrification and general electrification would also be an important work under this project.
About Essel Group
The Essel Group is among India’s most prominent business conglomerate with a diverse portfolio of assets in media, packaging, entertainment, technology-enabled services, infrastructure development, wellness and education.
The Group started business in 1926 with a modest commodity trading firm. Today, Essel Group of Companies is a vast conglomerate of Media, Technology, Entertainment, Packaging, Infrastructure, Education, Healthy Lifestyle & Wellness, Financial Services and Precious Metals with worldwide operations and a workforce of over 10,000 dedicated employees.
About Essel Infraprojects Limited
Essel Infraprojects Ltd (EIL) is the infrastructure arm of the Essel group, a 90 year old diversified conglomerate led by Shri Subhash Chandra. EIL is one of the fastest growing companies having diversified interests in infrastructure projects. With operations across the entire Infrastructure Space including Roads & Highways, Power (Generation: Solar & Hydro and Transmission), Water & Waste-water (De-Salination and Sewage Treatment), Municipal Solid Waste and Waste-to-Energy and Integrated Utilities (Power, Water & City Gas Distribution)
Essel Group has ventured in infrastructure space in 2007 with an entry into the surface transport segmentand it has an Order Book of INR. 30,000 Crores, with Operations domiciled in 135 SPVs across 10 Businesses, grouped in 4 Verticals with a national footprint of more than 17 states and across 100+ cities.
EIL has been widely recognized and awarded by various prestigious industry bodies like Smart City Council of India, World CSR Congress, Golden Peacock Awards, Michael Porter prize, Economic Times Brand award, IMS award and IAMAI etc. for its innovative solutions, use of new technologies and excellence in projects.