L&T, RIn­fra to Bag Mum­bai Metro Or­ders of .₹ 1,300 cr Each

The Economic Times - - Companies: Pursuit Of Profit - Ra­chita.Prasad@ times­group.com

Mum­bai: Larsen & Toubro and Reliance In­fra­struc­ture are set to bag or­ders worth .₹ 1,300 crore each for Mum­bai metro pro­ject jobs, peo­ple close to the de­vel­op­ment told ET. The Mum­bai Metropoli­tan Re­gion De­vel­op­ment Au­thor­ity ( MMRDA), the nodal agency for the metro projects, opened bids for four pack­ages to be awarded un­der Line 2B, which con- nects DN Na­gar to Man­dale, and an­other five pack­ages un­der Line 4 for the Wadala to Kasar­vadali stretch. The to­tal pro­ject cost of these two lines is es­ti­mated to be over .₹ 25,000 crore. “Reliance In­fra and L&T have emerged the low­est bid­ders for two pack­ages each of the to­tal nine to be awarded,” one of the per­sons cited ear­lier told ET. “The projects will be of­fi­cially awarded af­ter the eval­u­a­tion com­mit­tee has ap­proved it.” A spokesper­son for MMRDA de­cli- ned to com­ment on the de­vel­op­ment. MMRDA had in­vited bids for en­gi­neer­ing, pro­cure­ment and con­struc­tion work for both the lines and re­ceived re­sponse from 10 en­ti­ties, com­pa­nies and con­sor­tia in­cluded. The peo­ple in the know said L&T has bagged two pack­ages un­der Line 4. Reliance In­fra­struc­ture, NCC and a con­sor­tium of Tata Projects and CHEC are the best bid­ders for one pack­age each. Line 4 will have a 32.3-km long el­e­vated cor­ri­dor with 32 sta­tions.

Line 2B will be a 23.6km long el­e­vated cor­ri­dor with 22 sta­tions be­tween DN Na­gar & Man­dale. Reliance In­fra­struc­ture in a joint ven­ture with Riz­zani de Ec­cher, J Ku­mar In­frapro­jects, Sim­plex In­fra­struc­tures, and JMC have emerged best bid­ders for the four pack­ages for this line. Both projects aim to re­duce travel time in the re­spec­tive ar­eas by 50-75%. In­fra­struc­ture firms are up­beat about metro projects as it pro­vides size­able op­por­tu­nity for three to five years to the in­dus­try.

In­dia plans to de­velop metro rail projects in over 30 cities. In a re­cent re­port, rat­ing agency ICRA said the over­all cost of ex­pan­sion of op­er­a­tional and un­der-im­ple­men­ta­tion ap­proved metro projects is over .₹ 2.5 lakh crore, thus sup­port­ing the or­der books of con­struc­tion con­trac­tors.

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