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NHAI raises ₹600 crore more than the reserve price for TOT-5, Adani and DP Jain Infra set to bag contracts
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NHAI raises ₹600 crore more than the reserve price for TOT-5, Adani and DP Jain Infra set to bag contractsBy
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Synopsis
Adani and DP Jain Infra, who quoted the highest price in the 5A-1 and 5A-2 packages last month, are now set to bag the respective bids. NHAI at it’s board meeting on Thursday disclosed the reserve price for TOT-5. The authority received bids worths ₹2,252 crore, against a reserve price of ₹1,621 crore.
Agencies
The reserve price of 5A-1 was ₹800 crore, while that for 5A-2 was ₹821 crore, the official said.
The National Highways Authority of India (NHAI) has, however, not revealed the reserve price yet and the companies will bag the contracts only if their quotes are above the reserve price.