26 Firms Bid for Keshod Airport Redevelopment Contract

24 Feb 2025 CW Team

Twenty-six companies have submitted bids for the civil construction work at Keshod Airport near Junagadh, Gujarat, after the Airports Authority of India (AAI) opened technical bids. The Rs 3.63 billion redevelopment project aims to upgrade the airport’s infrastructure, including a 6,500 sqm terminal building, expansion of the runway to 2500m x 45m, a new air traffic control (ATC) tower, and an apron capable of handling three A320/B737 narrow-body aircraft.

Phase 1 of the project involves the extension and strengthening of Runway 05/23, construction of a link taxiway, a 701m parallel taxi track (PTT), an apron, an isolation bay, a perimeter road, and an operational boundary wall. AAI had invited tenders for this phase in December 2024, with an estimated cost of Rs 1.61 billion and a 540-day completion timeline.

The technical bids were opened this week, though Varaha Infra’s bid was disqualified due to missing documentation. The remaining contenders include major construction firms like Ashoka Buildcon Ltd., Dineshchandra R Agrawal Infracon Pvt. Ltd., and Iron Triangle Ltd.

The bids are now under technical evaluation, a process expected to take a few months. Once completed, the financial bids of the qualified companies will be opened to determine the lowest bidder and the likely contractor for the project.

(TMRG)

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..