IL&FS Engineering and Construction Company lowest bidder for 7-km Bangalore Road

IL&FS Engineering and Construction Company Ltd has emerged the lowest bidder for constructing the 7-km Silk Board- Bellandur section of the metro corridor on the Outer Ring Road. The Bangalore Metro Rail Corporation (BMRCL) is yet to open bids for the remaining stretches of the 18-km ORR line, as per ET news. The Hyderabadheadquartered construction firm will take up the work at a cost of Rs.433.26 crore, which is 1.39% higher than BMRCL estimates. The work comprises constructing elevated structures and four stations at Central Silk Board, HSR Layout, Agara lake and Iblur. As per reports, the BMRCL, official sources said, was on the verge of disqualifying IL&FS too claiming the company had a weak financial record and was blacklisted by other transport corporations in India. It is not known how IL&FS returned to participate in the financial bids.
Other companies that participated in the bid to construct the 7-km line had quoted estimates, which were Rs. 40- Rs.90 crore higher than BMRCL’s own estimates. The prices quoted were: Nagarjuna Construction Company (Rs.486.51 crore), JMC Projects NSE 0.80 % (Rs.484.96 crore), Simplex Infrastructure (Rs.498.14 crore) and ITD Cementation India (Rs.525.72 crore). IL&FS Engineering and Construction Company is constructing the 4-km Mysuru Road- Pattanagere stretch of Phase II.