 "Ircon emerges lowest bidder for two projects of NHAI and Chennai Metro Rail")
Ircon International has emerged lowest bidder in the following projects:
1) Construction of eight-lane access controlled Expressway from 3 km-20 km (Shirsad to Akloli Section- SPUR of Vadodara Mumbai Expressway) in the State of Maharashtra on Hybrid Annuity Mode under Bhartmala Pariyojana (Phase 11- Package-XIV). The project is floated by National Highways Authority of India and value of the project is approximately Rs 1,124 crore (Bid Project Cost). The completion period of the project is two years.
This work will be undertaken & executed by a Special Purpose Vehicle ("Concessionaire" as a limited liability company) which shall be incorporated by IRCON as its Wholly-Owned Subsidiary Company.
2) Supply, Installation, Testing and Commissioning of Track Works of Standard Gauge including all associated works in underground and elevated section between Light House Station and Poonamalle Bypass Station and Poonamalle Depot The project is floated by Chennai Metro Rail and value of the project is approx. Rs 337.61 crore. The completion period of the project is approx. four years.
These works have been invited on competitive bidding basis. Letter of Award is yet to be issued by National Highways Authority of India and Chennai Metro Rail.
On Friday, the stock was trading 1% lower at Rs 45.75.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%