IL&FS Engineering Services Receives LoI for Rs. 1436.08 Crores Worth EPC Contract in Road Sector

March 12, 2013

IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services) has received a Letter of Intent (LoI) from Kiratpur Ner Chowk Expressway Limited (KNCEL), an SPV incorporated by ITNL for the Project for a total value of Rs. 1436.08 crores. The project is an Engineering, Procurement, and Construction (EPC) contract that involves four laning of Kiratpur Ner Chowk Section of NH-21 in the state of Punjab and Himachal Pradesh. The project completion period is 1005 days from commencement date. The total length of the project is 84.375 Kms. covering the district of Rupnagar in Punjab, and the districts of Bilaspur and Manali in Himachal Pradesh.

The scope of work includes 67.3 Kms. of Road Works, Minor Bridges, 18 numbers of Major Bridges, 5 numbers of Main Tunnels including one Escape Tunnel, Flyover, Pedestrian/Cattle Underpass, Toll Plaza, Truck Lay Byes, Bus Bays, and so on.

Speaking on this occasion, Mr. M D Khattar, CEO, IL&FS Engineering Services said – “We are delighted to have been appointed the EPC Contractor for this project. The project, once completed, will result in reduction of time and cost of travel for traffic travelling between Kiratpur and Ner Chowk and will provide an improved communication link in Himachal Pradesh. This expansion of the highway also has the potential to enhance the employment opportunities for the local population in the project activities. We look forward to completing the project to the utmost satisfaction of our client”, Mr. Khattar said.

The National Highway No. 21 is an important link connecting national capital and tourist destination of Manali in Himachal Pradesh. NH 21 is also a major link to Leh in Ladakh.