8 companies join in Chandigarh's Solid Waste Plant pre-bid meeting

20 Jul 2023 CW Team

The attending members confirmed that the company representatives provided valuable recommendations regarding the RFP, and further deliberations on these suggestions will occur. One notable recommendation pertained to the proposed tenure of 24 months for setting up the plant. The companies expressed that the tenure should commence only after obtaining environmental clearance, which can be a time-consuming process, taking about six to eight months.

Additionally, the companies requested that the Viability Gap Funding (VGF) – an amount of 800 million or 20 per cent of the total plant cost, whichever is lower, that the civic body is obligated to pay – should be provided in advance. However, the committee disagreed with this proposition and asserted that the VGF would be disbursed as per the scheduled plan.

Moreover, during the meeting, the companies specified that they might seek tipping fees from the civic body based on the daily waste quantity of 550 tonnes. Nonetheless, the officials responded that they would calculate and provide tipping fees based on the monthly average, considering that the quantity of waste varies daily.

Municipal Corporation Commissioner Anindita Mitra informed that all the queries and requests submitted by the eight parties would be compiled and presented before the technical committee. The technical committee will then assess the recommendations and incorporate those that are deemed acceptable with slight modifications into the RFP. Subsequently, the revised RFP will be presented once again before the high-powered committee. Upon receiving approval from both the high-powered and technical committees, tenders for the project will be issued, moving the process forward.

A total of eight companies actively participated in the pre-bid meeting held in Chandigarh to discuss the establishment of a solid waste management plant. During the meeting, company representatives engaged in detailed discussions on the Request for Proposal (RFP) prepared by the civic body. The discussions took place before a high-powered committee comprising prominent figures such as the UT Adviser, Municipal Corporation Commissioner Anindita Mitra, Chandigarh Mayor Anup Gupta, Chief Engineer NP Sharma, and other senior officers.The attending members confirmed that the company representatives provided valuable recommendations regarding the RFP, and further deliberations on these suggestions will occur. One notable recommendation pertained to the proposed tenure of 24 months for setting up the plant. The companies expressed that the tenure should commence only after obtaining environmental clearance, which can be a time-consuming process, taking about six to eight months. Additionally, the companies requested that the Viability Gap Funding (VGF) – an amount of 800 million or 20 per cent of the total plant cost, whichever is lower, that the civic body is obligated to pay – should be provided in advance. However, the committee disagreed with this proposition and asserted that the VGF would be disbursed as per the scheduled plan.Moreover, during the meeting, the companies specified that they might seek tipping fees from the civic body based on the daily waste quantity of 550 tonnes. Nonetheless, the officials responded that they would calculate and provide tipping fees based on the monthly average, considering that the quantity of waste varies daily.Municipal Corporation Commissioner Anindita Mitra informed that all the queries and requests submitted by the eight parties would be compiled and presented before the technical committee. The technical committee will then assess the recommendations and incorporate those that are deemed acceptable with slight modifications into the RFP. Subsequently, the revised RFP will be presented once again before the high-powered committee. Upon receiving approval from both the high-powered and technical committees, tenders for the project will be issued, moving the process forward.

Real Estate

28 Oct 2025

Indian Real Estate Sector Sees Highest Capital Inflow in Seven Years

Equirus Capital, a leading full-service investment banking firm, has reported that India’s real estate sector has witnessed its highest capital inflow in seven years, with funds raised reaching ₹23,080 crore across 12 deals.According to Equirus Capital’s analysis, the cumulative capital raised by the sector since FY18 stands at ₹72,331 crore. Of this, Real Estate Investment Trusts (REITs) accounted for the largest share at ₹31,241 crore, followed by large-cap real estate companies at ₹20,437 crore, mid-cap players at ₹12,496 crore, and small-cap firms contributing ₹8,156 crore...

Real Estate

28 Oct 2025

India’s Flex Office Market Set for Record Growth

myHQ by ANAROCK, India’s largest workspace discovery and flexible office solutions platform, has released its Flex Office Market in India 2025 Report, revealing that India is set to become the Asia-Pacific region’s largest flexible office market. The report highlights how flexible workspaces have become a mainstream component of India’s commercial real estate, capturing a growing share of national leasing activity.“Flexible workspaces have evolved from a cost-optimisation tool to a strategic necessity,” said Utkarsh Kawatra, CEO and Co-Founder, myHQ by ANAROCK. “Average corporate d..

Real Estate

28 Oct 2025

India Defies Regional Slowdown; Office Leasing on Track for Record High in 2025

India’s office market continues to outperform the broader Asia-Pacific region, emerging as a key growth driver amid regional headwinds, according to Knight Frank’s Asia-Pacific Office Highlights Q3 2025 report. With 8.8 million sq. ft. transacted in the third quarter alone, leasing momentum remains robust. Full-year volumes across Bengaluru, NCR, and Mumbai are projected to reach 50 million sq. ft., surpassing the previous record of 41 million sq. ft. set in 2024.The surge has been fuelled by sustained leasing from Global Capability Centres (GCCs) and renewed activity from third-party IT s..