Reliance Airport Developers secures order worth Rs 63 crore
Reliance Airport Developers Ltd (RADL), a subsidiary of Reliance -Anil Dhirubhai Ambani Group, has secured an order worth Rs 63 crore to develop airports at Yavatmal, Nanded, Osmanabad, Latur and Baramati in Maharashtra.
The company stated in a communiqué that Maharashtra Industrial Development Corporation (MIDC) has finally given the green signal to sign the agreements with RADL as part of the government's move to privatize five airports in the state.
It should be noted that RADL had submitted the highest bid of Rs 27 crore to develop and manage Yavatmal, Nanded and Latur airports. In addition, the company had also submitted bid at Rs 36 crore- the highest, for Baramati and Osmanabad airports.
Earlier during the week, Reliance Infrastructure, another Anil Dhirubhai Ambani group-controlled company, has bagged an order worth Rs 11000 crore from Mumbai Metropolitan Region Development Authority (MMRDA) for Mumbai Metro Phase-II.