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.

Resources

11 May 2026

JSW One Elevates Mayank Gupta as CFO

JSW One Platforms has elevated Mayank Gupta as Chief Financial Officer as the company strengthens its leadership team to support its next phase of growth and institutional expansion.Gupta, who earlier served as Chief Operating Officer, has played a key role in scaling the company’s integrated commerce, supply chain and finance ecosystem. In his new role, he will oversee strategic finance, treasury, governance, capital allocation and financial planning.Gaurav Sachdeva, Joint Managing Director and CEO, JSW One Platforms, said Gupta’s operational understanding and financial expertise make him..

Infrastructure Urban

11 May 2026

India and EU Launch 15.2 Million Euro EV Battery Recycling Initiative

India and the European Union launched a third coordinated call for proposals on the recycling of electric vehicle batteries under the India-EU Trade and Technology Council Working Group two on five May 2026, with submissions due on 15 September 2026. The initiative is aimed at securing critical raw materials and accelerating the transition to a circular economy while deepening bilateral relations. The announcement was made by officials from the Office of the Principal Scientific Adviser and the European Commission. The call has a combined funding pool of 15.2 million euros (15.2 mn euros) and ..

Infrastructure Urban

11 May 2026

Aptus Value Posts Strong FY26 Results And Asset Quality

Aptus Value Housing Finance India Limited on six May 2026 reported results for the quarter and year ended 31 March 2026. Assets under management (AUM) stood at Rs 131.07 bn, up 21 per cent year on year. The company said improved field execution and sustained demand supported the growth. Disbursements in the fourth quarter were Rs 12.42 bn, up 17 per cent year on year, and full year disbursements were Rs 40.09 bn, up 11 per cent. Total income for FY26 was Rs 22.46 bn, up 25 per cent, and net profit for the year was Rs 9.43 bn, a rise of 26 per cent. Quarterly net profit was Rs 2.61 bn. For the ..