Reliance close to Terai highway deal in Nepal

After its failure to penetrate Nepal’s thorny hydropower sector, Indian blue chip company Reliance is now edging close to sealing a major construction deal in the Himalayan republic.
Reliance Infrastructure edged out peers Gammon India and Punjab National Bank’s joint venture Everest Bank to make it to the shortlist of companies chosen to build a 77 km fast-track highway that will link Kathmandu Valley with the Terai plains. Read more

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