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.
Marking a major milestone in the Indian real estate sector, ‘Embassy Office Parks’, a JV between the real estate company Embassy and private equity firm Blackstone has launched the country’s first Real Estate Investment Trust (REIT).
Built on the idea of transformation, Mumbai-based Transcon Developers follows only one approach: future-centricity. From buying huge land banks to developing sustainable projects, the company is a vanguard of change in the edifices it constructs