Noida based ISGEC Heavy Engineering Ltd has emerged as the lowest bidder for constructing the depot in Kothanur, off Bannerghatta road, meant for facilitating stabling and maintenance of metro trains that run on the Gottigere – Nagawara section of Phase II project.
In all, nine companies had participated in the bids floated by the Bangalore Metro Rail Corporation Ltd (BMRCL) in December last year. The work, initially estimated to cost about Rs 163.44 crore, involved construction of Metro rail depot structures, site development works and internal roads in 33-acre depot area at Kothanur for Reach 6 section which consists of both underground and elevated corridors.
The stretch is scheduled to be ready in 2024. The Noida-headquartered firm, which is the lowest bidder, quoted Rs 150.83 crore, which is Rs 12.61 crore less than the BMRCL’s estimates. Second lowest bidder Lisha Engineers, an Uttar Pradesh-based company, lost the competitive bid as it quoted just Rs 88 lakh more than the lowest bidder.
At least three companies had quoted more than the BMRCL’s estimates. Officials said the work order will be issued after clearing a few procedures including the submission of bank guarantees to the Namma Metro.