Pratap Padode, Founder & President, FIRST Construction Council lauded the authorities on the decision to defer the implementation of the emission norms for construction equipment to 1st April 2021. He further urged the authorities to advocate a land pooling method by stating, "As part of the National Infrastructure Pipeline, the roads sector would elicit an expenditure of Rs. 3.24 trillion in FY 2020 alone apart from its total allocation of nearly Rs. 19 trillion over five years until 2025. With land costs constituting 40 per cent of the cost of roads from only 10-15 per cent barely seven years ago, the failing of the Land Acquisition Act is hurting the stability of this model. I have been constantly recommending abandoning the purchase of land for road construction and deploying innovative land pooling instead, which will save the country over Rs. 2 trillion."
It is true that the impact of COVID-19 impact on India Inc in FY2020 was only for a few days – the last two weeks of March. But many would agree that the Indian economy was already in trouble and COVID-19 only exposed the fault lines.
Placebo Fabtech received the order from “Gayatri Projects” for Composite plate girders @Ch.511+121.42 for the project “Construction of Access Controlled Nagpur-Mumbai Super Communication Expressway (Maharashtra Samruddhi Mahamarg)” in the State of Maharashtra for Package 11, From km 502.698 to km 532.094) in Section Village Dhotre to Village Korhale in District Ahmadnagar, Maharashtra. The total order value stands at Rs 43.07 million.
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.