DBL emerges lowest bidder for Raipur-Vizag Expressway’s package CG-2

24 Feb 2022 CW Team

Dilip Buildcon Limited (DBL) emerged as the lowest bidder to construct a 56.7 km package CG-2 of the 464 km Raipur-Vizag Expressway.

The 464 km Raipur-Visakhapatnam Economic Corridor (NH-130CD and EC-15) is also known as Raipur-Vizag Expressway.

This new 6-lane highway will have some sections access-controlled with a greenfield alignment connecting the states of Chhattisgarh, Odisha and Andhra Pradesh.

Package CG-2 is the second and third packages within Chhattisgarh and will connect Sargi-Basanwahi from chainage 42.8 km to 99.5 km.

The National Highways Authority of India (NHAI) invited bids for its construction last year in December with a deadline of two years and an estimated cost of Rs. 1203.15 crore. The technical bids were opened in February to reveal seven interested bidders.

The scope of work includes the development of the 6-lane Sargi-Basanwahi Section of NH-130-CD road from 42.8 km to 99.5 km under Raipur-Visakhapatnam Economic Corridor in Chhattisgarh on Hybrid Annuity Model (HAM) of Package CG-2.

DBL’s quoted price of Rs. 1141 crore was below NHAI’s estimate of Rs. 1203.15 crore, so a contract should be awarded to DBL soon without a lengthy financial bid evaluation period.

The technical bids for this project of the 25.161 km section of Package CG-3 connecting Basanwahi-Marangpuri are scheduled to be opened on 1 March.

Image Source

Also read: Dilip Buildcon receives LoA worth Rs 2,683 cr from SECL

Infrastructure Urban

07 Oct 2025

Paras Defence Subsidiary Wins Rs 460 Mn Anti-Drone Order

Paras Defence and Space Technologies (PDST) saw its shares rise 1.5 per cent to Rs 701 after its subsidiary, Paras Anti-Drone Technologies, secured a defence contract from the Ministry of Defence, Government of India, valued at approximately Rs 460.19 million.The order covers the supply of Anti-Drone Systems, including Drone Jammers, marking a significant milestone for Paras Anti-Drone in India’s growing counter-UAV segment. The contract is scheduled for execution by March 2026. According to official filings, the award is from a domestic entity, not a related party transaction, and no promot..

Jindal Stainless Launches First Stainless Steel Fabrication Unit in Mumbai

Jindal Stainless, India’s largest stainless steel manufacturer, through its subsidiary Jindal Stainless Steelway (JSSL), has inaugurated its first stainless steel fabrication unit at Washivali, Patalganga, Mumbai. The 4 lakh sq ft facility is designed to serve the bridge sector, fabricating critical components such as girders, arches, nuts, bolts, and handles. The unit was inaugurated by CEO & CFO Tarun Khulbe in the presence of senior leadership.Developed with an initial investment of Rs 1.25 billion, the facility strengthens Jindal Stainless’ position as a provider of end-to-end fabr..

Hero Future Energies Secures Rs 19.08 Bn for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19,080 million in funding from State Bank of India (lead) and Canara Bank for the development of its 120 MW renewable energy (RE) hybrid project in Kurnool, Andhra Pradesh.The project, contracted with SJVN, integrates wind, solar, and storage technologies to provide reliable peak power. The funding, structured with a 21-year repayment tenure, will support timely project execution and the commencement of commercial operations.This financial closure underscores the banking community’s confidence in ..