IL&FS Engineering and Construction Company Ltd has won bagged a metro rail contract from Bangalore Metro Rail Corporation Ltd carrying a value of Rs.326.99 crore.
The contract involves construction of elevated structures (viaduct) of approximately 3.945 km length from Mysore Road Station dead-end to Pattanagere Station including four elevated metro stations, namely Nayandahalli Station, Rajarajeshwari Nagar Station, Jnanabharathi Station and Pattanagere Station, in the west extension of EW corridor of Bangalore Metro Rail Project, Phase-II.
The project is to be completed in 27 months from the date of issue of Letter of Acceptance.
IL&FS Engineering Services is currently executing two contracts for RMRG (Phase-II): one involving construction of a double-track elevated viaduct worth Rs.255.84 crore and the other involving construction of five elevated stations in Gurgaon (South Extension) worth Rs.84.30 crore.
Earlier, the company had executed RMRG (Phase-I) contract worth Rs.259.30 crore that involved construction of single and double-track elevated viaduct including six station buildings.
IVRCL has bagged two orders worth Rs.405.13 crore. These include a Rs.110.02-crore order from Dream World Landmarks LLP (Godrej) for residential development of Godrej Prana, Pune, and a Rs.295.11-crore order from Orissa Water Supply and Sewerage Board for construction of an additional sewer in state capital Bhubaneswar.
Piramal Fund Management, a real estate fund of Piramal Group, has sanctioned a Rs.150 crore construction finance facility to Gurgaon-based developer Vatika Group for a commercial project in Faridabad, Haryana. The project spans a total development area of 12 lakh sq. ft across four towers. One tower is fully built and occupied, while the second is nearing completion, and the remaining two are under construction. In February 2015, PFM approved nine construction finance proposals totalling Rs.1,100 crore.
GPT Infraprojects Ltd has received two orders worth Rs.129.74 crore in Bihar and Manipur in connection with the construction of broad gauge railway lines in Hajipur-Ramdayalu Nagar section (Rs.54.93 crore) and Jinbam-Tupul in Imphal (Rs.74.81 crore), respectively.
|Tata Projects order book at Rs.14,000 cr|
A Tata Projects-led consortium won the contract for two phases of the western dedicated freight corridor spanning 300 km. Japan International Cooperation Agency is funding the Rs.3,000-crore project. The 1,600-km long corridor runs from Dadri in Haryana to JNPT in Maharashtra.
Meanwhile, the outstanding order book position of Tata Projects stood at Rs.14,000 crore as of March 31, 2015. In FY15, fresh order inflow of Rs.3,000 crore was booked. Apart from this, TPL is currently at L1 position in orders worth Rs.3,000 crore. This would ultimately translate into fresh orders in course of time.
In the urban infrastructure space, an important recent order was that for building a 9-km elevated viaduct for the Delhi Metro rail project (phase-III).