HCC-Megha JV wins tender to build BKC high-speed station

A joint venture between Hindustan Construction Company (HCC) and Megha Engineering has emerged as the lowest bidder for the construction of the Bandra Kurla Complex (BKC) high-speed railway station in Mumbai. As per reports, the Megha-HCC joint venture is likely to undertake the project at a cost of Rs 3,700 crore.

The project is part of the Centre’s flagship bullet train project, formally known as the Mumbai–Ahmedabad High-Speed Rail (MAHSR Bullet Train) project.

The National High Speed Rail Corporation Limited (NHSRCL) opened the bidding for the tender for the construction of the BKC Bullet Train Station on 4 November. The lowest bid for the tender was submitted by Megha Engineering & Infrastructure Limited and Hindustan Construction Company Limited joint venture. (MEIL-HCC joint venture), NHSRCL said.

“NHSRCL has opened financial bids for design and construction of Bandra Kurla Complex (BKC) High Speed Railway Station in Mumbai (Maharashtra) under MAHSR C1 package. Financial bids of 3 technically qualified bidders were opened today (Thursday) and M/s Megha Engineering & Infrastructure Limited and Hindustan Construction Company Limited Joint Venture (M/s MEIL-HCC Joint Venture) have quoted the lowest bid, NHSRCL said.

NHSRCL, a subsidiary of the Indian Railways, was incorporated in 2016 with the objective of financing, building, maintaining and managing high speed rail corridors in India.

The development is likely to give a boost to the ongoing work 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 the construction of the costly BKC station was pending for years. NHSRCL resumes bids in July 2022.

After the technical bids were opened by NHSRCL 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. Afcons and L&T had bids of Rs 4,200 crore and Rs 4,600 crore respectively, with Megha-HCC being the lowest bidder.

Shares of Hindustan Construction Company (HCC) were last seen trading at Rs 19.85, up 1% or Rs 0.20, on the Bombay Stock Exchange (BSE) on Friday.