Hyderabad's Megha Engg wins Rs 144 bn Thane-Borivali tunnel tender
ROADS & HIGHWAYS

Hyderabad's Megha Engg wins Rs 144 bn Thane-Borivali tunnel tender

Megha Engineering & Infrastructures Ltd (MEIL), a Hyderabad-based company, has successfully secured two separate contracts for the prestigious Thane-Borivali twin tunnel project in Mumbai, with a combined bid value of Rs 144 billion. The Mumbai Metropolitan Region Development Authority (MMRDA) had invited tenders in December 2022 for the civil construction work of the 11.84 km Thane-Borivali twin tunnel project, divided into two packages, with a four-year deadline for completion.

During the opening of technical bids in April, only two companies, Larsen & Toubro (L&T) and MEIL, participated in the bidding process. After careful scrutiny of the financial bids on April 25, MEIL emerged as the lowest bidder for the first package, 'Package 1,' with a bid of Rs 74.64 billion. This package involves the design and construction of a 5.75 km section of the twin tunnel project from the Borivali side. L&T submitted the lowest bid of Rs 66.25 billion for 'Package 2,' entailing the design and construction of a 6.09 km section from the Thane side.

However, L&T's bid was later disqualified because they inadvertently failed to include the necessary tax component, as required by the tender guidelines, when stating their bid amount as the final figure. "We have awarded the letter of offer to MEIL after they emerged as the best bidder. L&T challenged this in the High Court, but their plea was rejected," stated MMRDA Commissioner SVR Srinivas. MEIL successfully secured the contract for the second package with a bid of Rs 69.37 billion.

Megha Engineering & Infrastructures Ltd (MEIL), a Hyderabad-based company, has successfully secured two separate contracts for the prestigious Thane-Borivali twin tunnel project in Mumbai, with a combined bid value of Rs 144 billion. The Mumbai Metropolitan Region Development Authority (MMRDA) had invited tenders in December 2022 for the civil construction work of the 11.84 km Thane-Borivali twin tunnel project, divided into two packages, with a four-year deadline for completion. During the opening of technical bids in April, only two companies, Larsen & Toubro (L&T) and MEIL, participated in the bidding process. After careful scrutiny of the financial bids on April 25, MEIL emerged as the lowest bidder for the first package, 'Package 1,' with a bid of Rs 74.64 billion. This package involves the design and construction of a 5.75 km section of the twin tunnel project from the Borivali side. L&T submitted the lowest bid of Rs 66.25 billion for 'Package 2,' entailing the design and construction of a 6.09 km section from the Thane side. However, L&T's bid was later disqualified because they inadvertently failed to include the necessary tax component, as required by the tender guidelines, when stating their bid amount as the final figure. We have awarded the letter of offer to MEIL after they emerged as the best bidder. L&T challenged this in the High Court, but their plea was rejected, stated MMRDA Commissioner SVR Srinivas. MEIL successfully secured the contract for the second package with a bid of Rs 69.37 billion.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code