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

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

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

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

Next Story
Infrastructure Energy

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Next Story
Infrastructure Urban

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Next Story
Infrastructure Energy

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?