GMR Infra set to bag Rs 1500-cr Andhra highway project

GMR Infrastructure is close to winning a Rs 1,500-crore (Rs 15-billion) highway project in Andhra Pradesh.

The company is bidding aggressively for this 145-km project connecting Hyderabad with Sangareddy, a district headquarters to the northwest, on the route to Mumbai.

This project is part of a larger 245-km highway development project connecting Hyderabad and Solapur.

The highways division recently won India's largest project, worth Rs 7,000 crore (Rs 70 billion), connecting Ahmedabad in Gujarat to Kishangarh in Rajasthan spanning 555 km.

Senior officials say the division would eventually look at raising private equity.