Aurobindo Realty set to win Ramayapatnam port EPC
PORTS & SHIPPING

Aurobindo Realty set to win Ramayapatnam port EPC

Hyderabad based construction technology company Aurobindo Realty and Infrastructure Private Ltd is set to win the Rs 2,634 crore engineering, procurement and construction (EPC) contract from the Andhra Pradesh government for a new port at Ramayapatnam in Prakasam district.

During the initial bidding round, the Aurobindo-Navayuga joint venture (JV) had quoted 4.5% higher than the EPC value set by the State government. Megha Engineering and Infrastructures Ltd, the only other bidder in the process, had quoted 4.9% higher than the estimated EPC value.

Sources said that the State government then initiated a reverse tendering round in which the Aurobindo Navayuga team dropped its quotation 0.5% below the EPC value.

In a regular tender, a seller puts up an item, and buyers place bids until the close of the auction, at which time the item goes to the highest bidder. In reverse tenders, sellers bid for the prices at which they are willing to sell their goods and services. In a reverse tender, the buyer puts up a request for required goods or services. Sellers then place bids for the amount they are willing to be paid for the goods or services, and at the end of the auction, the seller with the lowest amount wins.

Sources told the media that the Andhra Pradesh government would approve the bids submitted by the Aurobindo-Navayuga team.


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


The EPC mandate involves break-water construction, civil construction, dredging and back-up area development. The port will be developed on the landlord model in two phases, with the first costing Rs 373,614 crore and the second Rs 10,640 crore.

After the EPC work is completed, the Andhra Pradesh government will bid out cargo handling operations to specialists in the field.

The detailed project report (DPR) for the new port was prepared by RITES Ltd, while AECOM URS Scott Wilson consortium has been hired as the project management consultant.

Ramayapatnam is one of the four new ports identified by the State government to expand the port capacity to 400 mt by 2024 from 110 mt.

Aurobindo Realty is the real estate and infrastructure venture formed by the promoters of Aurobindo Pharma Ltd.

Image Source


Also read: Govt to invite pvt investment in 400 ports worth Rs 2 lakh cr

Hyderabad based construction technology company Aurobindo Realty and Infrastructure Private Ltd is set to win the Rs 2,634 crore engineering, procurement and construction (EPC) contract from the Andhra Pradesh government for a new port at Ramayapatnam in Prakasam district. During the initial bidding round, the Aurobindo-Navayuga joint venture (JV) had quoted 4.5% higher than the EPC value set by the State government. Megha Engineering and Infrastructures Ltd, the only other bidder in the process, had quoted 4.9% higher than the estimated EPC value. Sources said that the State government then initiated a reverse tendering round in which the Aurobindo Navayuga team dropped its quotation 0.5% below the EPC value. In a regular tender, a seller puts up an item, and buyers place bids until the close of the auction, at which time the item goes to the highest bidder. In reverse tenders, sellers bid for the prices at which they are willing to sell their goods and services. In a reverse tender, the buyer puts up a request for required goods or services. Sellers then place bids for the amount they are willing to be paid for the goods or services, and at the end of the auction, the seller with the lowest amount wins. Sources told the media that the Andhra Pradesh government would approve the bids submitted by the Aurobindo-Navayuga team.4th Indian Cement Review Conference 202117-18 March Click for event info The EPC mandate involves break-water construction, civil construction, dredging and back-up area development. The port will be developed on the landlord model in two phases, with the first costing Rs 373,614 crore and the second Rs 10,640 crore. After the EPC work is completed, the Andhra Pradesh government will bid out cargo handling operations to specialists in the field. The detailed project report (DPR) for the new port was prepared by RITES Ltd, while AECOM URS Scott Wilson consortium has been hired as the project management consultant. Ramayapatnam is one of the four new ports identified by the State government to expand the port capacity to 400 mt by 2024 from 110 mt. Aurobindo Realty is the real estate and infrastructure venture formed by the promoters of Aurobindo Pharma Ltd. Image Source Also read: Govt to invite pvt investment in 400 ports worth Rs 2 lakh cr

Next Story
Resources

MHADA declares its list of 20 dangerous cessed buildings in Mumbai

In view of the upcoming Monsoon season, the Mumbai Buildings Repairs and Reconstruction Board, a unit of MHADA completed its annual pre-monsoon survey of old and dilapidated cessed buildings in Mumbai and released its list of 20 highly dangerous and inhabitable buildings. Included in these 20 buildings are four that had also been declared highly dangerous last year. The list of 20 highly dangerous cessed buildings declared this year is as follows:1. Building No. 4-4A, Navroji Hill Road No. 1, Jolly Chambers (Included in last year's list)2. Building No. 57, Nizam Street3. Building No. 67, Masji..

Next Story
Infrastructure Transport

Safety concerns arise over Mumbai's newly opened Coastal Road tunnel leaks

Two months after the opening of a section of Mumbai's Coastal Road tunnel to traffic on March 11, observations have been made of water leaks. It has been noted that water is seeping through the walls and ceiling, particularly at the southbound tunnel's end near Princess Street Flyover. Despite repairs made during testing, this issue continues. Leaks have been sighted on both sides of the walls in the southbound tunnel, with the slab above also appearing wet. The ongoing water leakage has resulted in the paint on the walls peeling off. The BMC is under scrutiny as it prepares to open another ..

Next Story
Infrastructure Urban

CM: 95% Smart City Project nears completion

Pramod Sawant, Chief Minister, Goa, stated that the Smart City work in Panaji is nearing completion, with approximately 95% of the tasks done. He mentioned that the deadline for finishing the work was May 31. Sawant further informed that Smart City MD and CEO Sanjit Rodrigues would be conducting an inspection within two days to assess the progress and ensure its completion. He added that the inspection would involve the participation of the mayor of the Corporation of the City of Panaji, Rohit Monserrate. Earlier in the year, there had been a visit by high court judges to Panaji aimed at und..

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram