HCC-Megha JV Wins Tender To Build BKC High-speed Station: Bullet Train Project Gets Big Boost
January 10, 2023: A joint venture between Hindustan Construction Company (HCC) and Megha Engineering has emerged as the lowest bidder for the construction of the Bandra Kurla Complex (BKC) high-speed rail station in Mumbai.
According to reports, the Megha-HCC joint venture will cost Rs. The project is likely to be undertaken at a cost of Rs 3,700 crore.
The project is part of the Centre’s flagship bullet train project, more formally known as the Mumbai-Ahmedabad High-Speed Rail (MAHSR Bullet Train) project.
The National High Speed Rail Corporation Limited (NHSRCL) had on November 4 opened bids for the tender for the construction of the BKC bullet train station.
The lowest bid for the tender was submitted by a joint venture of Megha Engineering and Infrastructure Limited and Hindustan Construction Company Limited. (MEIL-HCC joint venture), NHSRCL said.
“NHSRCL has opened financial bids for design and construction of Bandra Kurla Complex (BKC) High Speed Rail Station in Mumbai (Maharashtra) under MAHSR C1 package.
The financial bids of 3 technically qualified bidders were opened today (Thursday) and M/s Megha Engineering and Infrastructure Limited and Hindustan Construction Company Limited Joint Venture (M/s MEIL-HCC Joint Venture) quoted the lowest bid,” NHSRCL said.
NHSRCL, a subsidiary of Indian Railways, was incorporated in 2016 with the objective of financing, constructing, maintaining and operating high speed rail corridors in India.
The development is likely to boost the ongoing work on the 506-km under-construction high-speed rail line that will connect India’s economic hub Mumbai with the city of Ahmedabad.
The package to build BKC station at high cost was stalled for years. NHSRCL revisited the bid in July 2022.
After NHSRCL opened the technical bids in November, four bidders—Megha-HCC, Afcons Infrastructure, J. Kumar Infraprojects and Larsen & Toubro (L&T) — emerged. However, J Kumar did not clear the technical bid round. Afcons and L&T bid Rs. 4,200 crore and Rs. 4,600 crore, leaving Megha-HCC as the lowest bidder.
The stock of Hindustan Construction Company (HCC) last closed on Friday on the Bombay Stock Exchange (BSE) up 1% or Rs. 0.20 to Rs. It was seen trading at 19.85.
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