ISGEC Engineering bags ₹163-cr BMRCL's metro contract

Noida-based ISGEC Heavy Engineering has turned out to be the lowest bidder for constructing the Kothanur metro depot, meant for expediting stabling & maintenance of trains which move on the Gottigere to Nagawara section of Phase-II of the project, involving an investment of ₹163.44 crore. The construction work includes building Metro rail depot structures, site development and internal roads in 33-acre depot area at Kothanur. The firm had quoted ₹150.83 crore, which was ₹12.61 crore less than BMRCL's appraisal. The 2nd lowest bidder, Lisha Engineers, a UP-based company, missed the competitive bid as they quoted ₹88 lakh more than the lowest bidder. Among the 9 companies in the fray, at least 3 companies had quoted more than the BMRCL's appraisal. Officials announced that the work order would be issued shortly after a few procedures with the bank guarantees submission to the Namma Metro.