Reliance Energy Ltd in consortium with CAF of Spain has been awarded the Airport Metro Express Line (AMEL), Project on BOOT basis for a concession period of 30 years.

The project has been awarded by Delhi Metro Rail Corporation Ltd (DMRC) through an International Competitive bidding process. The estimated project cost is about Rs 2,500 crore.

The proposed 22.7 km of high speed metro rail line shall connect New Delhi Railway Station and New Delhi International Airport through Cannaught Place.

Reliance Energy Ltd and its affiliates are engaged in several mega projects under implementation and under consideration, in power generation, transmission, and distribution, as well as infrastructure development in areas such as highways, bridges, metro rail, real estate, etc.

The project is scheduled to be operational in July 2010.

The stock closed today at Rs. 1983, up 20% compared with previous close of Rs. 1649.