i Develop Stocks Advisory

Anil pips Mukesh for Rs 6,000 cr project in Mumbai Anil Amabni group company Reliance Energy today outbid elder brother Mukesh's consortium to win the prestigious Rs 6,000-crore trans-harbour link project in Mumbai. Only Reliance Energy and a consortium led by Mukesh Ambani were in the fray for the prestigious project. Anil's bid was first rejected by the state government on technical grounds at the pre-qualification stage but the government had to issue the bid document to him after a directive from the Supreme Court. The 22-km long bridge that will connect Sewri in Mumbai with Nhava-Sheva across the harbour will be the second longest seaway in the world, next to the one in China which is about 36 km long. Earlier, Reliance Energy had won the the Rs 3,800 crore metro link project for connecting the New Delhi Railway Station and the Indira Gandhi International airport. In the previous year, the company had Maharashtra's Minister for Public Works Anil Deshmukh told reporters that the work on the five-year project is expected to start by December this year.