A consortium led by IVRCL has become L-1 EPC contractor at a quoted price of Rs 1,176 crore for the three million tons per annum (mtpa) Malanjkhand underground mine expansion project of Hindustan Copper. This is the biggest of the eight projects that the company has taken up. The bid was submitted on August 2, 2011.
For competitive bidding, the total estimated cost of the expansion projects of Hindustan Copper came down to Rs 3,400 crore from the Rs 3,677 crore, originally envisaged.
Earlier, the company awarded the contract for Khetri mine (Rajasthan) expansion to a consortium of Maheshwari Mining and Wenzhou Construction Group of China on July 15. The Rs 96.80 crore contract like all others is to be executed within five years.
