Sadbhav Engineering JV declared lowest bidder for Surat Metro project

23 December 2020 (Last Updated December 23rd, 2020 15:12)

Sadbhav Engineering’s joint venture (JV) company has been named as the lowest bidder for the construction of a portion of the Surat Metro project by the Gujarat Metro Rail Corporation (GMRC).

Sadbhav Engineering JV declared lowest bidder for Surat Metro project
SEL-SPSCPL Joint Venture is a 74:26% joint venture between S.P. Singla Constructions and Sadbhav Engineering. Credit: Fly2Blue on Wikipedia.

Sadbhav Engineering’s joint venture (JV) company has been named as the lowest bidder for the construction of a portion of the Surat Metro project by the Gujarat Metro Rail Corporation (GMRC).

The company placed a bid of Rs7.8bn ($105.7m) for the metro rail project.

In a regulatory filing to the BSE, the company said: “We have been declared as lowest bidder by Gujarat Metro Rail Corporation (GMRC) Ltd for construction of 11.6 km elevated viaduct and 10 stations for Surat Metro Rail Project phase-1.”

The contract has been awarded in the name of SEL-SPSCPL Joint Venture.

Sadbhav Engineering own 74% stake in joint venture, while S.P. Singla Constructions owns the remaining 26% stake.

The company added that GMRC is expected to issue the letter of award to it shortly.

In September, India’s National High Speed Rail (NHSRCL) opened technical bids for the construction of a section of the Mumbai-Ahmedabad High-Speed Rail corridor.

A total of three bidders involving two consortiums and Larsen & Toubro expressed interest in the high-speed project.

The technical bids were for the design and construction of a 237km section of the corridor, as well as four stations.

Overall, the tender included 47% of the total 508km alignment between Vapi and Vadodara in the state of Gujarat.

Larsen and Toubro was named the lowest bidder for the bullet train project between the cities of Mumbai and Ahmedabad in October.


Image:

https://en.wikipedia.org/wiki/File:Delhi_Magenta_Line.jpg

 

Source: https://www.thehindubusinessline.com/companies/sadbhav-engineering-jt-venture-lowest-bidder-for-part-of-rs-780-cr-surat-metro-project/article33392093.ece