Ircon in race for Rs 5,000 crore New Delhi station redevelopment, bullet bids

he company is bullish on the commercial and residential land opportunity that the station redevelopment plan of the Indian government offers. the corporate is additionally watching participating within the Mumbai – Ahmedabad bulleproject and has submitted a bid for one among the sections

Ircon International Ltd – a public sector unit under the Indian Railways – is within the race for the Rs 5,000-crore New Delhi railroad station redevelopment plan along side its consortium partner Arabian Construction Company.

The company is bullish on the commercial and residential land opportunity that the station redevelopment plan of the Indian government offers. the corporate is additionally watching participating within the Mumbai – Ahmedabad bullet project and has submitted a bid for one among the sections.

Ircon chairman and director S K Choudhary said, “We have submitted the Expression of Interest for the New Delhi railroad station redevelopment plan along side Dubai-based Arabian Construction Company. The project offers enormous opportunities in commercial and residential land . we’ll submit bids for the project.”

It may be noted that a complete of nine bidders have participated within the request for qualification round for the New Delhi railroad station redevelopment project. aside from , Ircon-ACC, Adani Railways Transport Ltd, BIF IV India Infrastructure Holding Pvt Ltd, ISQ Asia Infrastructure Investments Pte Ltd, Anchorage Infrastructure Investments Holdings Limited, Kalpataru Power Transmission Ltd, GMR Highways Limited, Omaxe Limited, and Elpis Ventures Pvt Ltd have submitted the expression of interest within the projects.

Sources within the Rail exploitation Authority, which is that the agency handling the tendering process for the New Delhi railroad station and over sixty other station redevelopment projects across the country, have indicated that bidders are going to be shortlisted for the financial bidding by end of this month. The financial bids are going to be called by end of April or mid-May consistent with the sources.

RLDA hopes that work on the New Delhi project will begin by the end of this year and will be complete in the next four years. 

Ircon has also submitted a bid for construction of an 18 km viaduct and two railway stations on the Mumbai-Ahmedabad bullet train corridor. Other companies that have put in bids for the project are L&T, Afcons, GR Infra and Sadbhav Consortium, a consortium of NCC, Tata Projects and J Kumar and DBL, RBL combine.  

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