+
Shapoorji Pallonji lowest bidder in Central Vista segment
Real Estate

Shapoorji Pallonji lowest bidder in Central Vista segment

Construction major Shapoorji Pallonji and Company Ltd emerged as the lowest bidder for the Rajpath redevelopment project after quoting Rs 477.08 crore, which is 4.99% less than the estimated cost, as per Central Public Works Department(CPWD).

The Rajpath redevelopment project includes large scale stonework, construction of underpasses, underground amenities blocks and horticulture work.

Tata Projects Ltd quoted the second-lowest bid amount of Rs 488.78 crore for the redevelopment project which is being executed under the government's Rs 13,500 crore Central Vista revamp project.

In its tender, CPWD which is implementing the Central Vista project said the redevelopment work of Central Vista Avenue would be executed in a phased manner for some parts of Rajpath to be available for visitors.

The Rajpath Redevelopment Project — the nation's power corridor envisages a new triangular Parliament building, revamping of the three-km-long Rajpath from Rashtrapati Bhavan to India Gate, a common central secretariat, a new Vice President Enclave, and new prime minister residence and PMO.

Tata Projects Ltd had secured the tender work for the construction of the new Parliament building in September last year.

The CPWD said on completion of the redevelopment of Rajpath, a separate supplementary agreement for the operation of services and comprehensive maintenance would be inked for five years with the contractor.

The Supreme Court recently gave the green signal to the Central Vista revamp project, holding there was "no infirmity" in the grant of environment clearance and permissions for change of land use.

Also read: Tata Projects to bag the Parliament redevelopment work

Watch: What the new Parliament building is all about

Image Source

Construction major Shapoorji Pallonji and Company Ltd emerged as the lowest bidder for the Rajpath redevelopment project after quoting Rs 477.08 crore, which is 4.99% less than the estimated cost, as per Central Public Works Department(CPWD). The Rajpath redevelopment project includes large scale stonework, construction of underpasses, underground amenities blocks and horticulture work. Tata Projects Ltd quoted the second-lowest bid amount of Rs 488.78 crore for the redevelopment project which is being executed under the government's Rs 13,500 crore Central Vista revamp project. In its tender, CPWD which is implementing the Central Vista project said the redevelopment work of Central Vista Avenue would be executed in a phased manner for some parts of Rajpath to be available for visitors. The Rajpath Redevelopment Project — the nation's power corridor envisages a new triangular Parliament building, revamping of the three-km-long Rajpath from Rashtrapati Bhavan to India Gate, a common central secretariat, a new Vice President Enclave, and new prime minister residence and PMO. Tata Projects Ltd had secured the tender work for the construction of the new Parliament building in September last year. The CPWD said on completion of the redevelopment of Rajpath, a separate supplementary agreement for the operation of services and comprehensive maintenance would be inked for five years with the contractor. The Supreme Court recently gave the green signal to the Central Vista revamp project, holding there was no infirmity in the grant of environment clearance and permissions for change of land use. Also read: Tata Projects to bag the Parliament redevelopment work Watch: What the new Parliament building is all about Image Source

Next Story
Infrastructure Transport

Syama Prasad Mookerjee Port Partners to Redevelop Nimtala Ghat

Kolkata: Syama Prasad Mookerjee Port, Kolkata (SMPK), signed a Memorandum of Understanding (MoU) on Tuesday with PS Group Realty Private Limited to redevelop and beautify Nimtala Ghat as part of PS Group’s Corporate Social Responsibility (CSR) initiative.The agreement was formalised at SMPK’s Head Office at 15, Strand Road, in the presence of SMPK chairman Rathendra Raman, deputy chairman Samrat Rahi, PS Group directors Saurav Dugar, Gaurav Dugar, Arun Sancheti, and senior SMPK officials.Under the MoU, PS Group will undertake the full redevelopment and permitted construction of Nimtala Imm..

Next Story
Infrastructure Urban

CSIR-NCL and Covestro Collaborate to Upcycle Polyurethane Waste

In a move towards sustainable plastic waste management, Pune-based CSIR-National Chemical Laboratory (CSIR-NCL) signed a Memorandum of Understanding (MoU) with Covestro (India) Private Limited on Wednesday to develop innovative upcycling technologies for polyurethane waste.Polyurethane is notoriously difficult to recycle, with current methods often proving inefficient, costly, and environmentally harmful. This collaboration aims to address existing challenges, including high energy usage and deterioration of material quality during recycling.Ashish Lele, director of CSIR-NCL, stated, “This p..

Next Story
Infrastructure Urban

Torrent Pharma Seeks CCI Approval for Rs 195 Billion JB Chemicals Deal

Ahmedabad-based Torrent Pharmaceuticals has sought clearance from the Competition Commission of India (CCI) to acquire a majority stake in J B Chemicals and Pharmaceuticals in a Rs 195 billion deal.Upon completion, Torrent Pharmaceuticals will become India’s second most valuable pharmaceutical company.The move follows Torrent’s June announcement to acquire a majority stake in J B Chemicals for Rs 195 billion.“The proposed combination pertains to the acquisition of shareholding by Torrent Pharmaceuticals Ltd in J B Chemicals & Pharmaceuticals Ltd, followed by the merger of the target ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?