IRCON lowest bidder for two NHAI projects and Chennai metro rail
AVIATION & AIRPORTS

IRCON lowest bidder for two NHAI projects and Chennai metro rail

IRCON International has emerged as the lowest bidder for two NHAI projects and Chennai metro rail projects. Under the Bhartmala Pariyojana, Maharashtra will construct an eight-lane access controlled expressway from 3 km to 20 km Shirsad to Akloli Section- SPUR of the Vadodara Mumbai Expressway (Phase 11- Package-XIV).

The project is valued at approximately Rs 1,124 crore and is being floated by the National Highways Authority of India (NHAI) bid project cost. The project has a two-year deadline for completion.

This work will be carried out by a Special Purpose Vehicle (SPV) Concessionaire as a limited liability company that will be incorporated as an IRCON Wholly-Owned Subsidiary Company.

This work will be done by a Special Purpose Vehicle Concessionaire, which will be a limited liability company incorporated by IRCON as a wholly-owned subsidiary company.

Supply, installation, testing, and commissioning of standard gauge track works, as well as all associated works in the underground and elevated sections between LightHouse Station and Poonamallee Bypass Station and Poonamalle Depot. The project is valued at Rs 337.61 crore and is being floated by Chennai Metro Rail. The project will take about four years to complete.

These works were solicited through a competitive bidding process. The National Highways Authority of India and Chennai Metro Rail have yet to issue Letters of Award.

The stock was trading at Rs 45.75 on Friday, down 1%.

Image Source

IRCON International has emerged as the lowest bidder for two NHAI projects and Chennai metro rail projects. Under the Bhartmala Pariyojana, Maharashtra will construct an eight-lane access controlled expressway from 3 km to 20 km Shirsad to Akloli Section- SPUR of the Vadodara Mumbai Expressway (Phase 11- Package-XIV). The project is valued at approximately Rs 1,124 crore and is being floated by the National Highways Authority of India (NHAI) bid project cost. The project has a two-year deadline for completion. This work will be carried out by a Special Purpose Vehicle (SPV) Concessionaire as a limited liability company that will be incorporated as an IRCON Wholly-Owned Subsidiary Company. This work will be done by a Special Purpose Vehicle Concessionaire, which will be a limited liability company incorporated by IRCON as a wholly-owned subsidiary company. Supply, installation, testing, and commissioning of standard gauge track works, as well as all associated works in the underground and elevated sections between LightHouse Station and Poonamallee Bypass Station and Poonamalle Depot. The project is valued at Rs 337.61 crore and is being floated by Chennai Metro Rail. The project will take about four years to complete. These works were solicited through a competitive bidding process. The National Highways Authority of India and Chennai Metro Rail have yet to issue Letters of Award. The stock was trading at Rs 45.75 on Friday, down 1%. Image Source

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?