Quality Buildcon is lowest bidder for Patna Metro contract

The Delhi based Quality Buildcon has emerged as the lowest bidder (L1) among the seven other bidders for the construction of the New ISBT Depot of Patna Metro Rail project in the financial bids by DMRC. The scope of work in the contract package PC-02 involves the development of the new ISBT Rail Depot including earth filling, boundary wall, depot buildings, workshop, inspection shed, plumbing, drainage, external development, architectural finishes, road works, design and the construction of PEB works. The DMRC floated tender in April this year. Quality Buildcon quoted ₹143.35 crore against the estimated cost of ₹172.18 crore. The contractor will have to complete the construction and other activities for the new ISBT Depot in 30 months. It will consist of 2 workshop bays with provision for 2 in the future, two inspections bay lines (IBLs) with provision for 2 in the future, 8 stabling bay lines (SBLs) which can accommodate a total of 32 (3-coach) trains along with an auto coach washing plant. Buildings for other support activities like auditorium, training school, canteen, and operational control centre (OCC) will also be constructed under this contract.

: Published: 31 July 2020

RITES secures NHSRCL contract worth ₹68-cr

RITES informed that it has won a ₹68 crore contract from National High-Speed Rail Corporation (NHSRCL), which is related to 487-km Mumbai-Ahmedabad High-Speed Rail Corridor. It is for the establishment Read More ...

J Kumar & Sadbhav Engineering receives LoAs for metro projects

J Kumar Infraprojects has received a letter of acceptance (LoA) from the Gujarat Metro Rail Corporation (GMRC). The contract includes design, construction and completion of underground stations and tunnels Read More ...

RPP-RK wins ₹231-cr corridor contract

RPP Infra Projects informed that its joint venture firm, RPP-RK, has received a new work order of ₹231.77 crore from the Highways Department for Chennai Kanyakumari Industrial Corridor Projects. In the joint venture Read More ...

CMRL floats tender for tunnels & underground stations

The Chennai Metro Rail Limited (CMRL) has invited bids for the construction of twin tunnels and 5 underground stations (Package UG- 06) between Kolathur and Nathamuni of Chennai Metro's new Read More ...

MoRTH approves ₹5,801-cr road projects in Maharashtra

Union transport minister informed that the Centre has approved new National Highway projects worth ₹5,801 crore for Maharashtra under the Annual Plan. The project includes improving and Read More ...

Paradip Port invites bids for ₹2,392-cr terminal

Paradip Port Trust has invited initial bids from private players to build a 25-million-ton (mt) capacity dry bulk cargo terminal at an estimated cost of ₹2,392.13 crore. The private operator winning the deal will develop Read More ...

NDB inks $323-mn tripartite pact to finance road projects

The Centre, Andhra Pradesh Government, and the New Development Bank (NDB) have signed a tripartite loan agreement of $323 million each for two projects. The first project – Andhra Pradesh Roads and Bridges Read More ...

MMRDA launches work on TOD along Metro Line 2A

The Mumbai Metropolitan Region Development Authority (MMRDA) has started the construction work on the transit-oriented development (TOD) at 30 stations on the Metro Line 2A (Andheri-Dahisar) on Link Road and Read More ...

NHAI starts groundwork for ₹3,750-cr road project in Pune

The National Highways Authority of India (NHAI) has started the land acquisition process in Pune district for a ₹3,750 crore project pertaining to the four-laning of Sant Dnyaneshwar and Sant Tukaram palkhi procession Read More ...

MSRDC kick-starts ₹14,000-cr ring road project

The Maharashtra government has fast-tracked the land acquisition process for the western part of the ring road project undertaken by the Maharashtra State Road Development Corporation (MSRDC) at an investment Read More ...

DP World in JV launches work on ₹1,000-cr FTZ

DP World has started the construction work on its Nhava Sheva Business Park free trade zone (FTZ) in Navi Mumbai at an investment of ₹1,000 crore. The investment is being made under Hindustan Infralog Private Read More ...

ICRA’s outlook for FY2022 remains Negative for residential and retail segments, Stable for the office leasing segment

The Indian residential real estate segment has been witnessing a prolonged downcycle owing to high inventory overhang, muted demand, weak affordability and declining investor interest. Covid-19 served as a Read More ...

L&T Construction wins contracts for Metallurgical and Power Transmission biz

Larsen & Toubro's construction arm has secured orders from some of its prestigious clients for various businesses. The contract amount is likely to be between ₹1,000-2,500cr Read More ...

Govt considers setting up bank with $13.7 billion equity capital

The Central government of India is considering setting up a new bank to fund infrastructure projects across road, port, airport and power sectors as the Union government aims to lift Asia's third-largest economy Read More ...

AAI secures eco clearance for ₹354-cr Surat airport expansion

Airport Authority of India (AAI), which has planned to expand the Surat airport's terminal building in Gujarat, has secured environment clearance (EC) from the Ministry of Environment for the project involving Read More ...

Elante Group plans two realty projects in Gurugram

Elante Group, a luxury real estate building player, has decided to build two luxury projects in Gurugram at an investment of over $4 million. The projects, which include apartments with a Work from Home Read More ...