In a major development in the Zojila Pass Tunnel project in Jammu Kashmir - Ladakh, Megha Engineering and Infrastructure (MEIL) emerged as the lowest bidder by quoting Rs 45.099 million. The other two bidders in the running were Larsen & Toubro (L&T) and Ircon International JV. The contract was awarded to MEIL thus giving impetus to the long-stalled project in the right direction. National highways and Industrial Development Corporation (NHIDCL) had opened the bids on 14 August 2020.
ITD Cementation India, a construction major in India, recently announced through its BSE filing that the company bagged five contracts estimated to be worth over Rs 34 billion, for major infrastructure projects in the country.