Hyderabad-based KNR Constructions has bagged a ₹1,100-crore contract for four-laning 48 km on Nationwide Freeway 75 between BC Highway and Periyashanthi (Dharmasthala Cross) proposed by the Nationwide Highways Authority of India (NHAI).
In a submitting earlier than the BSE (previously Bombay Inventory Alternate) on Monday, the corporate mentioned, “We herewith intimate to the Alternate that the Firm is in receipt of Letter of Acceptance for four-laning of Bangalore-Mangalore part from KM 270+270 (Periya Shanti) to KM 318+755 (Bantwal) together with 6-lane flyover at Kalladka city in KM 311-KM 314 on NH-75 on EPC foundation within the state of Karnataka, price ₹1100,88,00,000 (Rupees One Thousand One Hundred Crore and Eighty-Eight Lakhs Solely) together with GST. The mentioned venture is to be accomplished inside a interval of 24 months from the appointed date.”
NHAI initiated the four-laning work on NH 75 in two packages — BC Highway to Addahole in Dakshina Kannada and Maranahalli to Hassan in Hassan district — in 2017. Whereas Hassan district’s contractor, Isolux Corson, slowed down the work following monetary constraints, Dakshina Kannada’s contractor Larsen and Tuobro foreclosed the contract after NHAI wished to vary the scope of labor to incorporate wildlife corridors between Periyashanthi and Addahole.
Hassan district’s work is now being continued by sub-contractor Rajkamal Builders with NHAI anticipating the venture to be accomplished by March subsequent. The NHAI invited recent bids beneath two packages for Dakshina Kannada. KNR Constructions has bagged the contract for the primary package deal.
NHAI’s Regional Officer for Karnataka R.Okay. Suryavanshi advised
The Hindu tha the regional workplace was but to obtain particulars from the headquarters. The contract may very well be signed in April and NHAI needs the work to start out earlier than the onset of monsoon. The contractor would have two years time from the appointed date to finish the venture.
In response to a bulletin from the Union Ministry of Statistics and Programme Implementation, technical bid for the 15-km forest stretch between Periyashanthi and Addahole (second package deal) within the forest space was opened and into consideration of the NHAI. Mr. Suryavanshi mentioned that the authority has, in the meantime, sought forest clearance from the federal government.