Construction Infrastructure
Central Vista revamp: Larsen & Toubro bags three project works
On Monday, infrastructure company Larsen & Toubro Limited became the lowest bidder for the construction and maintenance of the first three buildings of the Common Central Secretariat under the Central Vista reconstruction project. According to the bid documents of the Central Public Works Department, Larsen & Toubro Limited’s quotation is approximately Rs 3,141 crore, which is 3.47% lower than the estimated cost.
The total amount of bids submitted by the company was Rs 31,41,99,87,657. NCC Ltd quoted the project with the second lowest bid amount of approximately Rs 3,318 crore, which was 1.94% higher than the estimated cost. The tender documents show that Tata Projects Co., Ltd.’s offer is approximately Rs 3,546 crore, which is 8.96% higher than the estimated cost. These new buildings will appear on the plot where the Indira Gandhi National Centre for the Arts is located.
An official said that the Central Public Works Department (CPWD) committee, which has been implementing the Modi government’s ambitious Central Vista reconstruction project, will decide on the tendering work in the next few days. The official added that normally, the lowest bidder (L-1) gets the contract. Four infrastructure companies, Tata Projects, Uttar Pradesh Rajkiya Nirman Nigam Ltd, Larsen & Toubro Limited and NCC Limited have submitted technical tenders for the construction of the three buildings of the Common Central Secretariat.
Last month, CPWD revised the estimated construction and maintenance costs of the three buildings of the Common Central Secretariat. The estimated construction and maintenance costs of these three buildings have been revised from Rs 3,408 crore to approximately Rs 3,254 crore. Tata Projects Limited is constructing a new parliament building, and Shapoorji Pallonji and Company Limited is performing the reconstruction of Central Vista Avenue from Rashtrapati Bhavan to India Gate.
The reconstruction of the central landscape of the National Power Corridor envisages a new parliament building, a common central secretariat, the transformation of the 3 km Rajpath from Rashtrapati Bhavan to India Gate, the new office and residence of the Prime Minister, and new vice-president enclave.
News Source : Businesstoday.in
Construction Infrastructure
The Adani Enterprises unit has received a letter of approval for an NH project in Maharashtra
Adani Road Transport Ltd (ARTL), a wholly owned subsidiary of Adani Enterprises, has received LoA for a project involving six laning of Kagal-Satara section of NH-48 (old NH4) in Maharashtra. The project will be executed under the Bharatmala Pariyojana at ₹2,008.47 crores. The construction period for the 67-km long road project is expected to be 2 years from the date of appointment and the concession period will be 18 years.
With this project award, Adani’s road portfolio will have total 14 projects with more than 5,000 lane km with asset value exceeding ₹41,000 crore spread across India.
-
india1 month ago
‘My support will be with new J&K govt’: L-G Manoj Sinha ahead of Omar Abdullah’s oath-taking ceremony
-
Politics1 month ago
New BJP government to take oath in Haryana on Oct 17, PM Modi to attend
-
Sports1 month ago
Score for the third day of the first test between India and New Zealand: Ravindra-Southee crushes IND, NZ leads by 299 at lunch
-
TV1 month ago
Prince Narula and Yuvika Chaudhary share first pic with newborn daughter from hospital. See post
-
In News2 weeks ago
SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad
-
Business2 weeks ago
OpenAI buys new domain chat.com for over $15 million, it redirects to ChatGPT
-
Entertainment.1 month ago
Massive data breach at Game Freak studios reveals shocking new dark Pokemon movie plot
-
World News1 day ago
Who is Harun Abdul-Malik Yener? Florida man arrested over bomb threat to New York Stock Exchange