STOCK MARKET BSE NSE

Rayalaseema Lift Irrigation Scheme tenders to be opened on August 17

Once the reverse auction is completed, the officials plan to complete the formalities of the tendering process by August 19.

Published: 17th August 2020 08:49 AM  |   Last Updated: 17th August 2020 08:49 AM   |  A+A-

Micro-irrigation

The launching of works would depend on the legal issues the project embroiled in as the Telangana government. (Image used for representational Purpose Only)

By Express News Service

VIJAYAWADA: The state water resources department is set to open on Monday the commercial bids filed for the Rayalaseema Lift Irrigation Scheme (RLIS) for evaluating the lowest bidder. After assessing the lowest bid, the officials in the afternoon will go for reverse auctioning with the lowest bid as the benchmark.

The assessment is likely to begin after 11 am, according to officials. For the record, three firms — Navayuga Engineering Company Ltd (NECL), a joint venture of SPML - NCC, and Max Infra (I) Ltd — filed their bids and the officials held the technical evaluation of the same on August 13. 

Once the reverse auction is completed, the officials plan to complete the formalities of the tendering process by August 19.

The initial benchmark (IBM) value of the project,  to be executed under Engineering Procurement Construction (EPC) mode,  as per the tender document is Rs 3,278.18 crore. The officials plan to complete the project, aimed at drawing three TMCft from Srisailam foreshore as a supplementing mechanism, in 30 months.

The launching of works would depend on the legal issues the project embroiled in as the Telangana government, which has been opposing it, moved the Supreme Court.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp