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)

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..