Ramky Enviro Engineers (REEL), an environmental
engineering company engaged in the services of waste management, announced that
it has received a 7 year contract for collection, segregation and
transportation of municipal solid waste by the Corporation of Chennai.
The services will be launched by REEL on the 1st of
January 2012 in the new zones of IX, X and XIII of the Corporation of Chennai.
REEL will deploy a fleet of 1,500 new tricycles, 3,000
Compactor bins, 3 mechanical sweeping machines, 70 new compactors and a
sufficient number of dumper vehicles to collect the municipal waste about 1,500
Tons per day.
The project will be implemented through an SPV and the
gross revenue is expected to be around Rs. 80 crore per annum amounting to Rs.
560 crore over the duration of the contract.
By GreentechLead.com Team