NHAI seeks bids for Rs. 3935 crore elevated corridor project in Chennai
National Highways Authority Of India (NHAI) has published Construction Of A New Double-Tier 4-Lane Elevated Corridor From Chennai Port To Maduravoyal In Chennai District from km 0.342 to km 20.223 on EPC Mode under Bharatmala Pariyojana in the State of Tamil Nadu. The entire project has been divided into four packages:
Package-I (km 0.342 to Km 4.604) - Rs 9,87,04,00,000
Package-II (km 4.604 to Km 9.700) - Rs 11,79,04,00,000
Package-III (km 9.700 to Km 14.185) - Rs 9,46,37,00,000
Package-IV (km 14.185 to Km 20.223) - Rs 8,23,09,00,000
This 19.881-km, 4-lane access-controlled highway in Chennai, Tamil Nadu, with a route alignment along the Cooum River and NH-4 is estimated to cost Rs 3935,540,000, or Rs 3935 crore. Its foundation stone was laid by Prime Minister Narendra Modi in May 2022. This expressway will have seven on-ramps for entry and six off-ramps for exit, and its design capacity is to handle 40,000 passenger cars a day.
Essential details:
Project Estimated Value: Rs 3935,54,00,000 - 3935 CroreTender Category: Works
Form of contract: EPC contract
Bid Validity (Days): 120
Period of Work (Days): 910 days
Payment mode: Offline
The tender seeks civil work that is to be completed in 910 days, or nearly 29 months. As per the tender, the bid validity will be 120 days, and it will be an open bidding process. The bid submission period began on July 15, 2022, and will end on April 26, 2023.
The complete BID document can be viewed and downloaded from the e-procurement portal of NHAI at:
Package1
https://etenders.gov.in/eprocure/app?component=%24DirectLink_0&page=FrontEndCorrigendums&service=direct&sp=SeWEKLshb%2FkvTesCosTVRXw%3D%3D
Package 2
https://etenders.gov.in/eprocure/app?component=%24DirectLink_0&page=FrontEndCorrigendums&service=direct&sp=SZg3fRX69EkmHTOg5YBDqEQ%3D%3D
Package 3
https://etenders.gov.in/eprocure/app?component=%24DirectLink_0&page=FrontEndCorrigendums&service=direct&sp=S7%2Bmwc3CR4yzUDp9rGml%2BNg%3D%3D
Package 4
https://etenders.gov.in/eprocure/app?component=%24DirectLink_0&page=FrontEndCorrigendums&service=direct&sp=S6zknWuRgRnpVQWRmzp9AGA%3D%3D
IndusInd Bank Opens All-women Branch in Chennai, Tamil Nadu
IndusInd Bank announced that it has opened an all-women branch in Chennai, Tamil Nadu. Located at Saveetha Dental College, Velappanchavadi, this is the 12th all-women branch established by the Bank in country. Through this initiative, IndusInd Bank aims to offer women customers more comfortable and convenient space for availing banking services.Spread across 1300 sq ft, the all-new branch is managed by a team of five dedicated women bankers and offers a full suite of IndusInd Bank’s retail banking services, including savings and current accounts, fixed deposits, recurring deposits as well as..
Shimona Chadha Appointed Chief Marketing Officer at Persistent
Persistent Systems, a global leader in Digital Engineering and Enterprise Modernization, today announced the appointment of Shimona Chadha as Chief Marketing Officer. She will be responsible for driving the Company’s global marketing strategy, strengthening brand positioning, and enabling business growth through integrated marketing initiatives.With more than two decades of experience across B2B, B2C, and B2B2C segments, Shimona has led marketing transformations that unlock business value and accelerate growth. She joins Persistent from HCLTech, where she served as Vice President and Head of..
Tinna Rubber Raises Rs 780.7 Mn via QIP Equity Placement
Tinna Rubber, one of Asia’s largest End of Life Tyres recycling companies, announced the successful completion of its QIP, fund raising for Rs 780.70 million by issuing approx 8.86 lakh equity shares to Qualified Institutional Buyers (QIB) in compliance with SEBI ICDR Regulations. The Fund Raising Committee authorised by the Board, in its meeting on June 27, 2025, approved the pricing and allotment in the QIP to eligible QIBs.This marks the first ever QIP by the Company. The offering witnessed participation from reputed long-only institutional investors like ICICI Prudential Mutual Fund, JM ..
Latest Updates
