New players bags govt-funded national highway projects
09 Jun 2022
2 Min Read
CW Team
The roll-out of a large number of National Highway (NH) projects, fully funded by the government in the last six to seven years, has resulted in the emergence of several new players in this space while the traditionally known players have taken a backseat.
None of them are in this space, while the traditionally known players have taken a backseat. None of the earlier construction majors found cited in the top 10 players that are bagging high-value NH projects, being bid out on government funding or engineering, Procurement and Construction (EPC) mode, reveals a list of provisionally qualified firms put out by the National Highways Authority of India (NHAI).
The NHAI has come out with a highway builders list who have been provisionally pre-qualified for NH projects being executed under three different modes 鈥� EPC, Build-Operate-Transfer (BOT-toll), and Hybrid Annuity Model (HAM). The pre-qualification of highway builders has been accomplished based on the bidding documents submitted by these firms between October 2021 and March this year. This pre-qualification is connected to the estimated project cost for the government.
In the list of the 68 firms, which has been uploaded on the NHAI website as provisionally qualified for EPC contracts, construction major Larsen & Toubro Ltd (L&T) comes at 11 and Ashoka Buildcon at 17. Companies such as Apco Infratech, Gawar, Dilip Buildcon, GR Infra, and Iron Triangle have pre-qualified for projects costing up to Rs 1,580 crore. Organisations like NCC and Reliance Infra have pre-qualified for projects costing Rs 1,187 crore.
Normally, bidders submit bids for civil works in various projects. The technical and financial capacity of the same bidder is evaluated in each case by technical divisions, which takes more time.
The NHAI said provisionally qualified bidders' lists have been prepared to avoid repetitive analysis.
For highway developers, EPC projects are preferred works as they don't bear any risk and get the payment for the works accomplished.
Now, the small players have become major firms as they have the manpower and machinery to carry out assignments within the given period.
Also read: Govt targets 18,000 km highway construction in FY23
The roll-out of a large number of National Highway (NH) projects, fully funded by the government in the last six to seven years, has resulted in the emergence of several new players in this space while the traditionally known players have taken a backseat.
None of them are in this space, while the traditionally known players have taken a backseat. None of the earlier construction majors found cited in the top 10 players that are bagging high-value NH projects, being bid out on government funding or engineering, Procurement and Construction (EPC) mode, reveals a list of provisionally qualified firms put out by the National Highways Authority of India (NHAI).
The NHAI has come out with a highway builders list who have been provisionally pre-qualified for NH projects being executed under three different modes 鈥� EPC, Build-Operate-Transfer (BOT-toll), and Hybrid Annuity Model (HAM). The pre-qualification of highway builders has been accomplished based on the bidding documents submitted by these firms between October 2021 and March this year. This pre-qualification is connected to the estimated project cost for the government.
In the list of the 68 firms, which has been uploaded on the NHAI website as provisionally qualified for EPC contracts, construction major Larsen & Toubro Ltd (L&T) comes at 11 and Ashoka Buildcon at 17. Companies such as Apco Infratech, Gawar, Dilip Buildcon, GR Infra, and Iron Triangle have pre-qualified for projects costing up to Rs 1,580 crore. Organisations like NCC and Reliance Infra have pre-qualified for projects costing Rs 1,187 crore.
Normally, bidders submit bids for civil works in various projects. The technical and financial capacity of the same bidder is evaluated in each case by technical divisions, which takes more time.
The NHAI said provisionally qualified bidders' lists have been prepared to avoid repetitive analysis.
For highway developers, EPC projects are preferred works as they don't bear any risk and get the payment for the works accomplished.
Now, the small players have become major firms as they have the manpower and machinery to carry out assignments within the given period.
Image Source
Also read: Govt targets 18,000 km highway construction in FY23
Next Story
Postal Dept Unveils Stamp Honouring 125 Years of Kodaikanal Observatory
The Department of Posts is proud to release a commemorative postage stamp celebrating 125 years of the Kodaikanal Solar Observatory (KSO). Recognising the legacy of the KSO through this special stamp is a fitting tribute to one of India鈥檚 most significant scientific institutions and highlights the nation鈥檚 long-standing contribution to global science.The Commemorative stamp was released by S Rajendra Kumar, Chief Postmaster General, Karnataka Circle in the gracious presence of A S Kiran Kumar, Chairperson, Governing Council, IIA and Former Chairman, ISRO and other esteemed guests at Indian..
Next Story
IIFT Sets Up First Overseas Campus and Expands Global Reach in Dubai
The Indian Institute of Foreign Trade (IIFT), an autonomous body under the Ministry of Commerce and Industry, Government of India, has announced the establishment of its first overseas campus in Dubai, United Arab Emirates. This marks a key step in expanding IIFT鈥檚 global presence and strengthening India鈥檚 engagement in international business education.This historic development has been made possible with the approvals from the Ministry of Education, and No Objection Certificates from the Ministry of External Affairs, Ministry of 亚博体育官网首页 Affairs, and the University Grants Commission. It marks..
Next Story
KEC International Bags Rs 11.33 Bn Transmission & Distribution Orders
KEC International, a prominent global infrastructure EPC company and a part of the RPG Group, announced that it had secured new transmission and distribution (T\&D) project orders worth Rs 11.33 billion in India. The company鈥檚 shares were expected to draw attention on Monday, May 19.The newly won orders include a significant contract from Power Grid Corporation of India (PGCIL) for the construction of a 卤800 kV HVDC transmission line along with a 765 kV GIS substation. Additionally, KEC International secured an order from a leading private developer for a 400 kV Quad transmission line.V..