Voltas receives LoA for Metro 3 contract for Tunnel Ventilation Systems

29 Aug 2019

Voltas has received a Letter of Award (LoA) from Mumbai Metro Rail Corporation (MMRCL) for Environmental Control System (ECS) and Tunnel Ventilation System (TVS) works for Phase 2, Lot 2 Package comprising 8 out of total 27 stations, i.e. from Cuffe Parade to Grant Road station and tunnel upto Mumbai Central station.

Mumbai Central ECS is not covered under Voltas scope and is part of the other package. The ECS and TVS works for the entire Line 3 has been divided into 3 packages and Voltas has received LoA for 1 package (value: Rs 233 crore approximately). The total value of 3 packages is over Rs 800 crore. Bid was submitted by company in February 2019 and was subject to various post-bid clarifications on technical aspects.

Voltas is among India’s leading air-conditioning, refrigeration and engineering services companies.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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