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
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement