The corporate has been awarded the Chennai Elevated Hall by NHAI for a complete venture price ₹3,570 crores. The remainder of the associated fee is on land acquisition and river restoration costs, stated sources.
The venture contains building of latest double Tier 4-lane Elevated Hall from Chennai Port to Maduravoyal in Tamil Nadu. The full 4 packages are in EPC mode underneath Bharatmala Pariyojana Yojana.
Bidders
The venture attracted 13 bidders, together with Afcons, Tata Initiatives and Kalpataru Energy Transmission. Nonetheless, J Kumar and Afcons had been the one two firms to bid for all of the 4. The Bundle I is from 0.342 km to 4.604 km; Bundle II – 4.604 km to 9,700 km; Bundle III – 9.700 km to 14.185 km and Bundle IV – 14.185 km to twenty.223 km.
The muse stone for the stalled 19-km Chennai Port-Maduravoyal Elevated Expressway was laid by former Prime Minister Manmohan Singh in 2009 at a value of ₹1,468 crore. Nonetheless, the venture had run into many controversies, and was lastly shelved by the AIADMK authorities citing surroundings and alignment points.
Venture Revival
Nonetheless, the venture was revived when the DMK authorities returned to energy two years in the past with an MoU signed in Might 2022 for the expressway at a value of ₹5,885 crore. The MoU was signed among the many 4 stakeholders — Tamil Nadu Authorities; Nationwide Highways Authority of India, the Chennai Port Authority and Indian Navy.
As per the revised plan, the 20.6 km hall can be a double-decker one between Madurvoyal on the Chennai-Bengaluru freeway and Napier Bridge, adjoining to Chennai port’s gate quantity within the coronary heart of the town. The primary tier of the hall will facilitate motion of sunshine motor autos between Koyambedu and Chennai Port, with ramps in 13 locations – seven entries and 6 exits. The second tier has been designed just for heavy motor autos between Chennai Port and Maduravoyal.
The venture will assist in speedy motion of cargo out and in of the port. At current, vehicles to and from the port ply by means of the port’s northern finish in Royapuram. Nonetheless, the elevated venture will enable entry and exit by means of the port’s southern finish within the coronary heart of the town
On the NSE, the inventory value of J Kumar Infraprojects closed at ₹576.50, down by 0.51 per cent.
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