Simplex fired after delays on Namma Metro line
RAILWAYS & METRO RAIL

Simplex fired after delays on Namma Metro line

The Bengaluru Metro Rail Corporation Limited (BMRCL) has terminated Kolkata-based Simplex Infrastructures Ltd's contract for work on Bannerghatta Road, due to inordinate delay. Simplex is a non-performing asset (NPA) in a bank.

The construction firm had received the contract for two elevated metro lines—the 3 km Nagasandra-Bangalore International Exhibition Centre (BIEC) on Tumakuru Road, and 7.5 km Kalena Agrahara-Swagath Road Cross on Bannerghatta Road in 2017.

Deadline for completion of work was 2019. However, only 68% civil work on Tumakuru Road and 35% on Bannerghatta Road were completed by December 2020.


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


Make in Steel 2021

24 February 

Click for event info


A fresh tender to complete the pending work has to be floated by BMRCL now.

Last year, United Bank of India (UBI) classified Simplex as an NPA.

BMRCL set the deadline for Kalena Agrahara-Nagawara corridor as June 2024. In September 2017, BMRCL awarded this section to Simplex at a cost of Rs 579 crore. The section includes five Metro stations—IIM Bengaluru, Kalena Agrahara (Gottigere), Hulimavu, Swagath Road Cross, and JP Nagar 4th Phase. While Kalena Agrahara and Swagath Road Cross stations are elevated, the underground section is between Nagawara and Dairy Circle.

Simplex received the BIEC Metro contract in February 2017 with three stations including Madavara (BIEC), Manjunathanagar and Chikkabidarkallu (Jindal), at a cost of Rs 299 crore. The Nagasandra-BIEC line is expected to be completed in January 2022.

Also read: Work on Bengaluru airport metro line gets underway

Also read: Bengaluru Metro phase 2 underway

Image Source

The Bengaluru Metro Rail Corporation Limited (BMRCL) has terminated Kolkata-based Simplex Infrastructures Ltd's contract for work on Bannerghatta Road, due to inordinate delay. Simplex is a non-performing asset (NPA) in a bank. The construction firm had received the contract for two elevated metro lines—the 3 km Nagasandra-Bangalore International Exhibition Centre (BIEC) on Tumakuru Road, and 7.5 km Kalena Agrahara-Swagath Road Cross on Bannerghatta Road in 2017. Deadline for completion of work was 2019. However, only 68% civil work on Tumakuru Road and 35% on Bannerghatta Road were completed by December 2020.4th Indian Cement Review Conference 202117-18 March Click for event infoMake in Steel 202124 February Click for event info A fresh tender to complete the pending work has to be floated by BMRCL now. Last year, United Bank of India (UBI) classified Simplex as an NPA. BMRCL set the deadline for Kalena Agrahara-Nagawara corridor as June 2024. In September 2017, BMRCL awarded this section to Simplex at a cost of Rs 579 crore. The section includes five Metro stations—IIM Bengaluru, Kalena Agrahara (Gottigere), Hulimavu, Swagath Road Cross, and JP Nagar 4th Phase. While Kalena Agrahara and Swagath Road Cross stations are elevated, the underground section is between Nagawara and Dairy Circle. Simplex received the BIEC Metro contract in February 2017 with three stations including Madavara (BIEC), Manjunathanagar and Chikkabidarkallu (Jindal), at a cost of Rs 299 crore. The Nagasandra-BIEC line is expected to be completed in January 2022. Also read: Work on Bengaluru airport metro line gets underway Also read: Bengaluru Metro phase 2 underwayImage Source

Next Story
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement