RMGL achieves financial closure for metro link project in Delhi
Moneylife Digital Team 07 June 2010

Rapid MetroRail Gurgaon Ltd (RMGL), said it achieved the financial closure worth Rs1,088 crore for construction of 6.1 km rail metro link from Delhi Metro Sikanderpur station on MG road to National Highway (NH) 8 in Gurgaon.

RMGL is a joint venture between ITNL Enso Rail Systems Ltd, IL&FS Transportation Networks Ltd and DLF Metro Ltd. RMGL was awarded the contract by Haryana Urban Development Authority on build, operate and transfer (BOT) basis.

On Monday, IL&FS Transportation's shares ended 1.1% down at Rs275 on the Bombay Stock Exchange, while the benchmark Sensex closed 2% lower at 16,781 points.

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