MoneyWorks4Me

Ircon International emerges as lowest bidder for Uttarakhand project

04 Jan 2022 Evaluate

Ircon International has emerged as the lowest bidder for upgradation and Four Laning of Haridwar Bypass Package-1 from Km.0+000 (Km. 188+100 of NH-58) to Km. 15+100 (Km. 5+100 of NH 74) in the State of Uttarakhand on Hybrid Annuity Mode. The project was floated by National Highways Authority of India on competitive bidding and value of the project is approximately Rs 861 crore (Bid Project Cost). The completion period of the project is 2.0 years.

This work will be undertaken & executed by a Special Purpose Vehicle ('Concessionaire' as a limited liability company) which shall be incorporated by IRCON as its wholly-owned subsidiary company.

Ircon International is an integrated Indian engineering and construction company, specializing in major infrastructure projects.

Peers
Company Name CMP
Larsen & Toubro 3792.00
Kalpataru Projects 1378.00
NCC 130.50
Rail Vikas Nigam 203.85
KEC International 392.10
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