Navi Mumbai Airport Phase 2 Works to Begin in October
Pre-development works for the second phase of Navi Mumbai International Airport will commence in October, according to BVJK Sharma, Chief Executive Officer of Navi Mumbai International Airport Ltd. The next phase includes the construction of a second terminal and an additional runway to meet future passenger growth.The airport’s first phase is slated for launch by the end of August, though an official opening date has yet to be confirmed. IndiGo and Akasa Air have already declared their operational plans, while talks are ongoing with Air India regarding its network integration.“We will beg..
Karnataka Alters Clause to Allow Delay in Contractor Payments
The Karnataka government has modified a critical clause in its standard tender documents, allowing departments the option to delay payments to contractors for public works. This move by the Siddaramaiah administration comes amid rising tensions with contractors over unpaid dues amounting to Rs 320 billion (approximately £3 billion).Since April 2007, standard tender documents mandated that government departments pay contractors within 60 days of bill submission. The clause previously read: “The employer (government department) shall pay the contractor within 60 days of the submission of bill..
SEPC Wins Rs 6.5 Billion Solar Project in Maharashtra
SEPC Ltd announced on Wednesday that it has secured a Letter of Award (LoA) valued at Rs 6.5 billion (approximately £62 million) from Parmeshi Urja Ltd for the engineering, procurement, and construction (EPC) of a 133-megawatt (AC) solar power project across Maharashtra.The project will span 26 locations within four districts in the western Indian state and was awarded by Parmeshi Urja, a renewable energy firm headquartered in Kolkata. The LoA was received by SEPC on the evening of 10 June, according to the company’s regulatory filing.Execution timelines will be determined through kick-off ..
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