After the earlier delay, now the plan for redevelopment of New Delhi railway station has moved one step ahead. The bid of the DEC Infrastructure and Projects and the Joint Enterprise (JV) of HG Infra Engineering has been declared the lowest bid. In the information given to the stock market, HG Infra has said that a bid of Rs 2,195 crore has been made for this.
The information given to the exchange on Thursday stated that 51 percent stake in this joint venture is DEC Infra and 49 percent stake with HG Infra. The financial bid of the long -awaited redevelopment plan was opened by the Rail Land Development Authority (RLDA) on Thursday. The project will work on engineering, procurement, construction (EPC) model.
In a statement given to the exchange, HG Infra has said that her bid was less than Rs 2,469 crore by RLDA. The construction period of this redevelopment plan will be 45 months. Sources associated with the industry said that the company was involved in the race with 4 other companies, Seagal India, DRA Infraston, GR Infrastroses and NCC for the project.