Latest news with #ProcurementandConstruction
New Indian Express
11 hours ago
- Business
- New Indian Express
GHMC to build twin three-lane flyovers at Kukatpally ‘Y' junction
HYDERABAD: The Greater Hyderabad Municipal Corporation (GHMC) will soon take up the survey, investigation and construction of two three-lane flyovers at Kukatpally 'Y' junction — one on the left-hand side (towards Ameerpet) and the other on the right-hand side (towards Miyapur) along NH-65. The Rs 180 crore project will be executed under the Engineering, Procurement and Construction (EPC) model and is part of the Hyderabad City Innovative and Transformative Infrastructure (H-CITI) initiative, aimed at easing traffic congestion and improving urban connectivity. The state government granted administrative sanction in December 2024 and permitted the GHMC to invite tenders. Bids have been called for the Kukatpally 'Y' and IDL lake junctions flyovers. The scope includes standard and obligatory viaduct spans with sacrificial shuttering, reinforced soil (RE) and RCC toe walls, crash barriers, friction and approach slabs, anti-carbonation coating on exposed concrete, safety view barriers, overhead gantries, landscaping below the viaduct, electrification, signages, road studs, drainage connections and utility shifting.
Hindustan Times
3 days ago
- Business
- Hindustan Times
After 15-year delay by builder, MHADA steps in to redevelop Jogeshwari PMGP colony
MUMBAI: The Maharashtra Housing and Area Development Authority (MHADA) has initiated the tendering process for the redevelopment of the PMGP colony located at Poonam Nagar, Jogeshwari East on an Engineering, Procurement and Construction (EPC) basis. The colony, constructed between 1990 and 1992 under the Congress government's Prime Minister's Grant Project (PMGP), has remained in a dilapidated condition for many years. Spread across approximately 27,625 square metres, the PMGP colony has 942 residential and 42 non-residential tenements in 17 buildings of ground-plus-four storeys. At present, the residents have 180-square-feet houses. The rehab houses will be 450 square feet of carpet area, and MHADA aims to complete the project within approximately three and a half years. MHADA vice-president Sanjeev Jaiswal and the Mumbai Housing and Area Development Board were the ones who accelerated the project. The colony has come to MHADA via a circuitous route. In 2010, the housing societies within the colony had appointed a builder for the redevelopment project. However, there was a huge delay while the buildings continued to deteriorate. As a result, the housing societies submitted representations to the government, requesting that MHADA take over the execution of the project. In response to the residents' appeals, the government cancelled the developer's appointment on December 15 2020, and asked MHADA to implement the redevelopment. In line with these directions, the tripartite agreement with the previously appointed developer was cancelled on June 10 2022. On November 2, 2023, a revised proposal to undertake cluster redevelopment through the appointment of a private construction and development agency by MHADA was submitted to the government. However, the government decided to revise the proposal and implement the project under Regulation 33(5) of the Development Control and Promotion Regulations. Following the government's approval, tenders were issued by MHADA's Mumbai Board on July 2, 2024 and September 6, 2024, but received no response. In view of this, a proposal to implement the project directly through MHADA was submitted to the government on April 4, 2025. After the government's approval was received on May 28 2025, the tendering process for the appointment of an EPC contractor was published on the official website on June 16, 2025. The last date for submission of bids for this project is July 7, 2025. MHADA chief Sanjeev Jaiswal told Hindustan Times, 'The project was not financially viable for any developer under Regulation 33 (7) of DCPR. MHADA has taken it up despite knowing that it is a loss-making proposition. We are doing this on humanitarian grounds.'
Time of India
3 days ago
- Business
- Time of India
MHADA invites bids to redevelop 7-acre PMGP Colony in Mumbai's Jogeshwari
The Maharashtra Housing and Area Development Authority (MHADA) has invited bids for redevelopment of the PMGP Colony spread over nearly 7 acres in Mumbai's western suburb Jogeshwari's Poonam Nagar locality. The colony, originally constructed under the Prime Minister's Grant Project (PMGP), has remained in a dilapidated condition for many years, and this redevelopment marks a significant step towards addressing the long-standing housing concerns of residents. The layout will be redeveloped through MHADA by appointing an Engineering, Procurement and Construction (EPC) contractor. As part of this redevelopment project, nearly 1,000 families will be rehabilitated into modern housing units. This colony, constructed between 1990 and 1992 under the Prime Minister's Grant Project, consists of 17 buildings of ground plus four storeys. The colony houses 942 residential and 42 non-residential tenements. According to a structural audit report, these buildings are in a severely dilapidated condition, MHADA said. Under this redevelopment initiative, residents will be provided with modern homes of 450 sq ft carpet area in lieu of their existing 180 sq ft units. MHADA has resolved to complete this project within approximately three and a half years. The project is being undertaken by the Mumbai Board under the guidance of the Vice President and Chief Executive Officer of MHADA Sanjeev Jaiswal. In 2010, the housing societies within the Poonam Nagar PMGP Colony had appointed a developer to implement the redevelopment project. However, due to prolonged inaction by the said developer, the project was delayed for years, and the buildings continued to deteriorate. As a result, the housing societies submitted representations to the government, requesting that MHADA take over the execution of the project. In response to the residents appeals, the government cancelled the developer's appointment in December 2020 and directed MHADA to implement the redevelopment. In line with these directions, the tripartite agreement with the previously appointed developer was cancelled in June 2022. In November 2023, a revised proposal to undertake cluster redevelopment through the appointment of a private Construction and Development Agency (C&DA) by MHADA was submitted to the government. However, the government decided to revise the proposal and implement the project under Regulation 33(5). Following the government's approval, tenders were issued by the Mumbai Board of MHADA in July 2024 and September 2024. These tenders did not receive any responses. In view of this, a proposal to implement the project directly through MHADA was submitted to the government in April 2025. Based on the government's approval received on May 28, the tender process for the appointment has been started and the bids are expected to be submitted by July 7.
Hans India
3 days ago
- Business
- Hans India
Maha Cabinet approves development of 126 km Virag Alibag Corridor
Mumbai: The Maharashtra Cabinet, chaired by Chief Minister Devendra Fadnavis, on Tuesday gave approval to develop the ambitious Virar-Alibagh Multi Modal Corridor (VAMMC) Project on a "Build, Operate and Transfer" (BOT) basis. The state-run Maharashtra State Road Development Corporation (MSRDC) had estimated the total cost of Rs 26,300 crore for the project, and it had earlier proposed the development on an Engineering, Procurement and Construction (EPC) basis. During the Eknath Shinde-led government, the MSRDC had awarded contracts to seven civil engineering firms for constructing the first phase, totalling 96.47 km, of the ambitious 126-km Virar–Alibaug Multi-Modal Corridor (VAMMC) project. However, these tenders now stand scrapped as the fresh tenders will be floated to build the entire project under the BOT model as per the Cabinet's decision. The Virar–Alibaug Multi-Modal Corridor project has been under the government's consideration since 2011. It is an 8-14 lane access-controlled expressway that was originally supposed to be built by the Mumbai Metropolitan Region Development Authority, but it was later handed over to the MSRDC in 2020. The 126-km corridor is expected to drastically cut travel time between Virar and Alibaug to just 1.5 to 2 hours. It will connect several key expressways, including the Mumbai-Ahmedabad, Mumbai-Nashik, and Mumbai-Pune corridors, making it a critical infrastructure link for the region. The project is planned in two phases, 98 km in the first and 29 km in the second. Further, it is expected to decongest Mumbai and boost economic growth in the surrounding areas. Meanwhile, the Cabinet also cleared the allotment of 29 hectares of land by the Maharashtra Industrial Development Corporation at Jambutke in Nashik district for the Tribal Industrial Cluster. 'This will encourage aspiring entrepreneurs from the tribal community, generate employment and boost economic development,' said the government release. Under the WINDS (Weather Information Network Data System) project of the Union government, automatic weather stations (AWS- Automatic Weather Station) will be set up at the gram panchayat level. For this, it has been decided to extend the deadline of the Mahavedh project, which proposes to provide accurate weather information to all the villages in the state. 'This is an important project for weather-based agricultural advice and guidance to farmers,' said the government release. The Cabinet has also approved the Maharashtra Agriculture- Artificial Intelligence MahaAgri-AI Policy 2025-2029 to transform the agriculture sector by using artificial intelligence and emerging technologies. 'The use of artificial intelligence, generative artificial intelligence, Internet of Things (IoT), drones, computer vision, robotics, and predictive analytics will help in taking forward projects like Agristack, Maha-Agristack, MahaVeda, CropSap, AgMarkNet, Digital Shetishala, and Maha-DBT in the state,' said the government release. The Cabinet also cleared the extension of loan from the Asian Development Bank and the New Development Bank for Mumbai Metro Route-2A, 2B and 7 metro projects. Furthermore, the Cabinet approved the increase in the honorarium given to those imprisoned during the Emergency. Surviving spouses will also get an honorarium. The Cabinet has approved the amendment to the Admission and Fees Regulation Act, 2015. With this decision, the children and dependents of NRIs will get admission for professional courses. The Cabinet also approved the change in the definition of NRI for admission to courses in unaided private professional educational institutions.
Mint
09-06-2025
- Business
- Mint
Mid-cap construction sector stock PNC Infratech share price gains 4% on ₹240 Crore order win
Stock Market Today: Mid cap construction sector stock PNC Infratech share price gained up to 4% during the intraday trades on Monday. PNC Infra had announced ₹ 240 Crore order win over the weekend. Mid-cap construction sector stock PNC Infratech over the week end ( on Saturday 7 June 2025) announced winning ₹ 240 crore order. In its intimation to the National Stock Exchange of India Ltd and the BSE or the Bombay Stock Exchange, PNC Infratech announced Receipt of 'Letter of Acceptance' from PWD-Rajasthan. The scope of works for the PNC Infratech as per the received Letter of Acceptance' from PWD-Rajasthan is for construction of a flyover in Bharatpur . The PNC Infratech in its release said that "Company has received Letter of Acceptance dated 06.06.2025 from PWD-Rajasthan for the project namely "Construction of Flyover from Heeradas Chouraha to Kumher Gate Chouraha in Bharatpur City, Bharatpur" on 07.06.2025. The domestic Engineering, Procurement and Construction (EPC) order is to be completed by PNC Infratech in 24 months from the issue of order. The broad consideration of the order or contract as per PNC Infratech or the Awarded value id Rs. 239.94 Crore. Mid-cap construction sector stock PNC Infratech share price that opened at ₹ 307.80. At the time of opening PNC Infratech share price was up close too 1% over the previous days closing price of ₹ 305.10. The PNC Infratech share price thereafter gained further the intraday highs of ₹ 319.80 which translated into intraday gains of close to 4% for the PNC Infratech share price. The PNC Infratech share price has been rebounding well and had risen more than 28% during the last one month as order wins and Q4 Results have lifted streets confidence on forward prospects of Mid-cap construction sector stock PNC Infratech Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
