HG Infra Wins Karnal Ring Road’s Construction Contract
H.G. Infra Engineering Limited (HGIEL) earlier this month emerged as the lowest bidder to construct the 34.5 Karnal Ring Road (Bypass) project.
This 6 lane access-controlled greenfield highway by National Highways Authority of India (NHAI) in Haryana is being developed under Bharatmala Pariyojana program. Its semi circular route will connect Shamgarh on NH-44 with village Samalakha on Karnal Munak Road.
NHAI invited tenders for its civil construction in July 2022 with a 730 day (2 year) deadline and Rs. 753.47 crore estimate. Technical bids were opened on November 22 to reveal just 2 bidders. Financial bids were opened on December 14.
Financial Bid Values
|Firm||Bid (Rs. Crore)|
Brief Scope: Construction of 6 lane Greenfield Karnal Ring Rd starting from NH44 near Vill Shamgarh Design km 0.000 and terminating at Karnal Munak Road (MDR115) Vill Samalakha (Design km 34.500) under BMP in Haryana on HAM.
HG Infra’s bid was 33.33% higher than NHAI’s estimate, so it remains to be seen if this will be awarded. NHAI doesn’t typically re-invite bids, so this will definitely be negotiated.
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