Ircon International has emerged as lowest bidder for the two projects floated by National Highways Authority of India (NHAI) and Chennai Metro Rail. The first project is for construction of Eight lane access controlled Expressway from Km 3.000 to Km 20.200 (Shirsad to Akloli Section- SPUR of Vadodara Mumbai Expressway) in the State of Maharashtra on Hybrid Annuity Mode under Bhartmala Pariyojana (Phase II- Pacakge-XIV). The project is floated by NHAI and value of the project is approximately Rs 1124 crore (Bid Project Cost). The completion period of the project is two years. This work will be undertaken & executed by a Special Purpose Vehicle which shall be incorporated by IRCON as its Wholly-Owned Subsidiary Company.
The second project is for 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 approximately Rs 337.61 crore. The completion period of the project is around four years.
Ircon International is an integrated Indian engineering and construction company, specializing in major infrastructure projects.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4094.95 |
| Rail Vikas Nigam | 303.10 |
| NCC | 161.30 |
| KEC International | 580.10 |
| Kalpataru Projects | 1232.90 |
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