Infrastructure major GMR Group has said it will bid for ten forthcoming road development projects in various parts of the country, worth around Rs 30,000 crore.“About ten projects for four and six laning of roads are coming up in different places, including Surat and Chennai, for which we will bid,” GMR Group Chief Finance Officer Madhu Terdal said.He said the overall value of the projects put together could be around Rs 30,000 crore. “Out of these, we are confident of bagging at least two to three projects,” Terdal added.The Bangalore-based Group has already tied up funds for all the four new road schemes worth Rs 2,347 crore that it is undertaking, he said.“We have started the construction and implementation of these projects,” Terdal added.The projects include Ambala-Chandigarh (35 km), Farukhnagar-Jadcherla (58 km), Adloor Yellareddy-Pochanpalli (102 km) and the Tindivanam-Ulundurpet (73 km).In the nine months period ended December 2006, GMR Group had posted a revenue of around Rs 110 crore from its road infrastructure business, he added.The Group had entered into the roads sector when the government invited bids to develop roads under the Golden Quadrilateral Scheme in early 2000. It has already completed four-laning of the highways between Tuni-Anakapalli on NH-5 in Andhra Pradesh for a distance of 60 kms and between Tambaram-Tindivanam for a distance of 93 km in Tamil Nadu.
