Apco secures contracts worth $500 million in a single day

Apco Infratech, one of India's fastest growing medium-sized infrastructure conglomerates with extensive experience in highways, power generation, tunnels, irrigation/canals, metro rails and urban infrastructure, currently manages a large number of road projects across the country.

On July 29, Apco was awarded an EPC contract for the development of a 6-lane AC highway from Ranipur Barsi Saharanpur Dist to Adhoya Musalmana Ambala Dist, Shamli Ambala in Haryana. The National Highway Authority of India has proposed the project at a cost of $108.29 million.

In addition, Apco also placed an L-1 bid for the Bharatmala Pariyojna project in Uttar Pradesh and Haryana to build greenfield connectivity to Jewar International Airport from DND Faridabad, Ballabgarh Bypass and KMP link rail to Delhi-Mumbai highway.

The project, based on the Hybrid Annuity Model (HAM), is valued at nearly $190.12 million with a 2-year completion date.

Apco has also been awarded as the L-1 bidder for the development of a 4-6 lane AC highway from Kunhwani to Sidhra section from NH-44 to Katra section under the Bharatmala Pariyojna.

This HAM-based project is valued at nearly $196.29 million, which is -0.62 less than the proposed tender price.

Now that the contracts for these projects have been awarded, Apco has been awarded contracts worth nearly $500 million in one day.