MMRDA NCC wins Mumbai Metro Line-2B’s Pending work
On April 6, the Mumbai Metropolitan Region Development Authority (MMRDA) granted NCC Ltd. an undisclosed contract for 5.868 km of pending work on Mumbai Metro's Line-2B (Yellow line) between MTNL and Chembur stations with a bid amount being significantly higher (24.45%) than MMRDA's estimate of Rs. 635.71 crore.
Scope: Part design and Construction of (Balance Works of Package CA06) Elevated Viaduct and 5 Elevated Stations viz. MTNL Metro, S.G. Barve Marg, Kurla East, EEH & Chembur [Excluding Architectural Finishing & Pre-Engineered Steel Roof Structure of Stations] from Chainage 46860.384 to Chainage 52729.312 of Line 2B [D.N. Nagar – Mandale] of Mumbai Metro Rail Project of MMRDA
Prior to this procurement process, contracts given to RCC Infra Ventures, MBZ JV, and Simplex Infrastructures in 2017 were cancelled in January 2020 due to poor performance parameters.
Following four tender notices between February 2020 and August 2021, NCC was declared the lowest bidder among three firms in October 2021 for completing pending civil work on a 5.868 km section (Package C102) of Mumbai Metro's Line-2B between MTNL - Chembur stations, beating J Kumar (JKIL) and Tata Projects Ltd. (TPL) for its work with a 36-month completion deadline.
MMRDA has attempted to re-appoint a contractor four times since then, and has re-invited bids in February 2020, August 2020, April 2021, and August 2021, with a 36-month deadline and a Rs. 635.71 crore estimate.
J Kumar and NCC bag pending work of Mumbai Metro’s Line-2B
https://www.constructionworld.in/transport-infrastructure/metro-rail-and-railways-infrastructure/j-kumar-and-ncc-bag-pending-work-of-mumbai-metros-line-2b/24749
Since this time's offer exceeded the estimated budget, further negotiations between MMRDA and NCC management will most likely disclose which failed previously..
ACME Solar Gets Rs 3892 Million Loan for 400 MW Project
ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after the company announced that its wholly owned subsidiary, ACME Venus Urja, has secured long-term project financing worth Rs 3.89 billion from the State Bank of India (SBI).The funds will be used for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project located in Barmer, Rajasthan. The loan repayment will be spread over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BE..
JSW Infra Acquires 86 Acres in Karnataka for Rs 5.7 Million Site
JSW Infrastructure has acquired an 86-acre brownfield rail siding in Kudathini, Ballari, Karnataka, for Rs 5.7 million to develop a multi-modal logistics park (MMLP). The project is set to attract an investment of Rs 38 million over the coming years.The facility, acquired through the company’s subsidiary JSW Port Logistics, will feature a rail freight terminal, an inland container depot, and advanced cargo-handling systems. Commercial operations are expected to commence within six months, followed by phased expansion.This development forms part of JSW Infra’s strategy to build a pan-India ..
Plotted Developments: Tier II Cities Offer Style with Investment
India’s real estate sector is transitioning and evolving at a new pace, both in terms of aspirational living and investment parameters. While tier I cities have long been the focal point of this trajectory, it is showing a shift with the evolved preferences of homebuyers. Better infrastructure, more reasonable price points, and the sheer untapped potential of Tier II cities are stepping up quietly yet significantly as a preferred choice to the smart intersection. Tier-II cities have emerged as an ideal alternative for the homebuyers looking for cost effective living with improved infras..
Latest Updates
