Guwahati civic body cancels road tenders worth Rs 310 mn

03 Oct 2022 CW Team

As many as 160 tenders floated by the Guwahati Municipal Corporation (GMC) in February have been cancelled after an investigation found that there were procedural lapses in the tendering process. The tenders were worth Rs 310 million. The cancelled tenders are for roads which were to be constructed or repaired in various lanes and by-lanes across the Assam capital.

Deputy Mayor Smita Roy, “In the council-mayor meeting held at Uzan Bazar on September 26 it was discussed that the tendering process of the 160 roads will be cancelled as the legal advisor to the urban local body, Advocate General Devajit Saikia, suggested this step.”

It is reported that the previous GMC Commissioner had asked the present Joint Commissioner Pankaj Chakravarty to enquire into the tendering process. After the enquiry it was found that there were procedural lapses in the process. The report was submitted to the GMC Commissioner who forwarded it to the Advocate General, who suggested the tenders should be cancelled.

The Advocate General has further asked that all previous tenders, the work orders of which are not yet issued, should be investigated. This means that other construction projects worth Rs 300 million will be probed.

The newly-elected councillors are yet to get the first instalment of the funds to start development works in their wards. Most of the funds by councillors are spent on road construction.

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..