Ajoint venture of Hindustan Construction Company (HCC) and Megha Engineering has emerged as the lowest bidder to construct the Bandra Kurla Complex (BKC) high-speed rail station in Mumbai. The Megha-HCC joint venture is likely to take up the project at a cost of Rs 3,700 crore, according to reports.
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.
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The National High Speed Rail Corporation Limited (NHSRCL) opened the bids for the tender of the construction of the BKC bullet train station on November 4. The lowest bid for the tender was submitted by Megha Engineering & Infrastructures Ltd and Hindustan Construction Company Limited Joint Venture (MEIL-HCC Joint Venture), the NHSRCL said.
“NHSRCL has opened financial bids for the 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 & Infrastructures Ltd and Hindustan Construction Company Limited Joint Venture (M/s MEIL-HCC Joint Venture) have quoted the lowest bid,” NHSRCL said.
Indian Railways subsidiary NHSRCL was incorporated in 2016 with an object to finance, construct, maintain and manage the High Speed Rail Corridor in India.
The development is likely to give a boost to the work underway 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 for constructing the high-cost BKC station was stalled for years. NHSRCL reinvented the bids 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. Bids from Afcons and L&T were Rs 4,200 crore and Rs 4,600 crore, leaving Megha-HCC as the lowest bidder.
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Hindustan Construction Company (HCC) stock was last seen trading at Rs 19.85, up by 1% or Rs 0.20 on the Bombay Stock Exchange (BSE) on Friday.
