+
MSRDC to penalise Reliance Astaldi for delay in sea link project
ROADS & HIGHWAYS

MSRDC to penalise Reliance Astaldi for delay in sea link project

The Maharashtra State Road Development Corporation (MSRDC), disappointed with the reply of Reliance Astaldi JV over the causes for the delay in the Versova Bandra Sea Link Project, has decided to impose a penalty, which could be as high as Rs 3.5 crore per day, on the contractor for its failure to adhere to the project timeline.

MSRDC had issued a show cause notice to the contractor asking for an explanation for the delay in work. The 17.7-km long Bandra-Versova Sea Link project is being constructed by Reliance Astaldi. The contract was given in June 2019 and was to be completed by 2025.

Reliance Astaldi was to achieve 5% of the physical and financial progress by August 31, 2021, as per the terms of the contract. But, MSRDC claimed that the contractor attained only 0.62% of the physical progress and 2.05% of the financial progress despite getting paid Rs 203.26 crore as mobilisation advance.

The corporation claimed that it has already awarded a 250 days extension to the firm due to a change in the location of the casting yard and another extension of 184 days because of the pandemic.

MSRDC officials told the media that the project cost is Rs 7,000 crore, and the fine could be Rs 3.5 crore per day. Sachin Niphade, Deputy Engineer, MSRDC, who is directly supervising the work, told the media that they issued the notice since the work is not happening on time.

Shashikant Sontakke, Chief Engineer, MSRDC, told the media that the contractor might be having reasons for not doing the work. They have issued a notice for not achieving the work, and they will have to pay a penalty.

Image Source


Also read: Expedite work on sea-link projects: Uddhav Thackeray

The Maharashtra State Road Development Corporation (MSRDC), disappointed with the reply of Reliance Astaldi JV over the causes for the delay in the Versova Bandra Sea Link Project, has decided to impose a penalty, which could be as high as Rs 3.5 crore per day, on the contractor for its failure to adhere to the project timeline. MSRDC had issued a show cause notice to the contractor asking for an explanation for the delay in work. The 17.7-km long Bandra-Versova Sea Link project is being constructed by Reliance Astaldi. The contract was given in June 2019 and was to be completed by 2025. Reliance Astaldi was to achieve 5% of the physical and financial progress by August 31, 2021, as per the terms of the contract. But, MSRDC claimed that the contractor attained only 0.62% of the physical progress and 2.05% of the financial progress despite getting paid Rs 203.26 crore as mobilisation advance. The corporation claimed that it has already awarded a 250 days extension to the firm due to a change in the location of the casting yard and another extension of 184 days because of the pandemic. MSRDC officials told the media that the project cost is Rs 7,000 crore, and the fine could be Rs 3.5 crore per day. Sachin Niphade, Deputy Engineer, MSRDC, who is directly supervising the work, told the media that they issued the notice since the work is not happening on time. Shashikant Sontakke, Chief Engineer, MSRDC, told the media that the contractor might be having reasons for not doing the work. They have issued a notice for not achieving the work, and they will have to pay a penalty. Image SourceAlso read: Expedite work on sea-link projects: Uddhav Thackeray

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?