MoneyWorks4Me

Simplex Infra emerges as lowest bidder for building metro stretch on Bannerghatta Road: Report

14 Aug 2017 Evaluate

Simplex Infrastructures has reportedly emerged as the lowest bidder to build the 7.5-km Metro corridor and five stations between Gottigere and Swagath Road Cross on Bannerghatta Road. The company’s quote of Rs 578.70 crore is said to be the lowest among the bids received.

If awarded, the 7.5-km stretch is going to be the second major Metro contract that Simplex will be taking up in Bengaluru. Early this year, the firm won a contract to build the 3-km corridor and three stations between Hesaraghatta Cross (from Nagasandra station) and Bangalore International Exhibition Centre.

The Bangalore Metro Rail Corporation (BMRCL) had floated bids for the construction of Gottigere Swagath Road Cross corridor in March this year.

Peers
Company Name CMP
Larsen & Toubro 3773.00
Kalpataru Projects 1452.60
NCC 128.45
Rail Vikas Nigam 198.80
KEC International 375.10
View more..