New Delhi: State-owned Rail Vikas Nigam Limited (RVNL) said in a regulatory filing on Thursday that “Rachana Construction-RVNL JV has received LOA for upgradation to six lanes with Paved Shoulder of Sarkhej-Changodar Section of NH-8A (New NH-47) from 11/950 kilometres to 16/000 kilometres for Ahmedabad- Bagodara-Rajkot Road on EPC mode in the state of Gujarat (Package-7)."

The filing also added that the project cost is Rs 252,21,15,875. Rachana Construction Company, Mehsana will hold 60 percent shares and Rail Vikas Nigam Limited (RVNL) will have a shareholding of 40 percent. The time period to complete the project is 30 months, it added.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)