Last month, Tata Projects Limited won the bid to construct a new Parliament building near the existing one under the Central Vista redevelopment project
At Rs 861.90 crore, Tata Projects is the winning bidder for a new complex that will house the country's legislative wing
The National High Speed Rail Corporation Limited (NHSRCL) opened technical bids for two packages for the bullet train project between Mumbai and Ahmedabad on Friday
At Rs 861.9 crore, Tata's bid is lower than L&T's Rs 865 crore
The Tata Projects Limited on Wednesday won the bid to construct a new Parliament building at a cost of Rs 861.90 crore, officials said. The L&T Ltd had submitted a bid of Rs 865 crore, they said. "The Tata Projects Limited has won the contract to build a new Parliament building," an official said. The new Parliament building will be constructed close to the existing one under the Central Vista redevelopment project, and it is expected to be completed in 21 months. According to the Central Public Works Department (CPWD), the new building will come up at plot number 118 of the Parliament House Estate. The CPWD said the existing Parliament building will continue to function during the entire period of execution of the project.
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Tata Projects is a subsidiary of Tata Sons, the holding company of the Tata group, and all loans will be guaranteed by the parent, said a banking source
Conceived under the Digital India initiative of the Centre, the project will link 85 Blocks and 5,987 Gram Panchayats across the 27 districts in the state