TYPSA-RINA JV set to win consultancy contract for Vadhvan PortETInfra
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ETInfra
A joint venture between Spain's Tecnica Y Proyectos SA (TYPSA) and Italy's RINA Consulting SPA is set to win the general consultant and project management consultant contract for the construction of a greenfield port at Vadhvan in Maharashtra by placing the lowest price of ₹95.26 crore.The TYPSA-RINA JV pipped three other contenders such as Haskoning India Consulting Pvt Ltd (₹125.37 crore), AECOM India Pvt Ltd (₹128.03 crore) and Engineers India Ltd (₹167.56 crore) for the contract when the price bids were opened on Monday, multiple sources said.TYPSA is an independent group of engineering, architectural, and consulting services companies in infrastructure, energy, environmental, and urban solutions. RINA Consulting is a unit of RINA SPA, one of the world's top ship classification societies.The contract involves general consultancy and project management consultancy for the landlord component of works to be undertaken through the engineering, procurement and construction (EPC) mode.This includes general consultancy with key (438-man months) and non-key (1065-man months) professional deputation at Palghar/Dahanu and project management consultancy for 3 components - breakwater (747-man months), near shore reclamation and approach trestle (432-man months) and residual works (168-man months).It also involves deploying 12 support staff for 60 months (720-man months).The contract is one of the largest man months deputation and consultancy assignment from Vadhvan Port Project Ltd (VPPL), a joint venture between state-owned Jawaharlal Nehru Port Authority (74 per cent stake) and Maharashtra Maritime Board (26 per cent stake) that is implementing the ₹76,220 crore port at Vadhvan.When constructed, Vadhvan will be India's biggest public port with a capacity to handle 298 million tonnes (mt) of cargo a year, including 23.2 million twenty-foot equivalent units (TEU's).Vadhvan Port will have 9 container terminals with a total quay length of 9,000 meters, equipped with over 100 quay-side gantry cranes to accommodate container ships with a length overall of 350 metres or more. It will also have liquid cargo berths, Ro-Ro facility, general/coastal/breakbulk cargo berths, common rail yard, tank farms and storage areas.On May 31, the Public Private Partnership Appraisal Committee (PPPAC) cleared the development and maintenance of dredging, offshore reclamation and shore protection works on Public-Private-Partnership (PPP) Hybrid Annuity Mode (HAM) estimated to cost ₹18,998 crore for the new port.The tender for the works is expected to be floated in August.
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Time of India
3 days ago
- Time of India
TYPSA-RINA JV set to win consultancy contract for Vadhvan PortETInfra
Advt Advt By , ETInfra A joint venture between Spain's Tecnica Y Proyectos SA (TYPSA) and Italy's RINA Consulting SPA is set to win the general consultant and project management consultant contract for the construction of a greenfield port at Vadhvan in Maharashtra by placing the lowest price of ₹95.26 TYPSA-RINA JV pipped three other contenders such as Haskoning India Consulting Pvt Ltd (₹125.37 crore), AECOM India Pvt Ltd (₹128.03 crore) and Engineers India Ltd (₹167.56 crore) for the contract when the price bids were opened on Monday, multiple sources is an independent group of engineering, architectural, and consulting services companies in infrastructure, energy, environmental, and urban solutions. RINA Consulting is a unit of RINA SPA, one of the world's top ship classification contract involves general consultancy and project management consultancy for the landlord component of works to be undertaken through the engineering, procurement and construction (EPC) includes general consultancy with key (438-man months) and non-key (1065-man months) professional deputation at Palghar/Dahanu and project management consultancy for 3 components - breakwater (747-man months), near shore reclamation and approach trestle (432-man months) and residual works (168-man months).It also involves deploying 12 support staff for 60 months (720-man months).The contract is one of the largest man months deputation and consultancy assignment from Vadhvan Port Project Ltd (VPPL), a joint venture between state-owned Jawaharlal Nehru Port Authority (74 per cent stake) and Maharashtra Maritime Board (26 per cent stake) that is implementing the ₹76,220 crore port at constructed, Vadhvan will be India's biggest public port with a capacity to handle 298 million tonnes (mt) of cargo a year, including 23.2 million twenty-foot equivalent units (TEU's).Vadhvan Port will have 9 container terminals with a total quay length of 9,000 meters, equipped with over 100 quay-side gantry cranes to accommodate container ships with a length overall of 350 metres or more. It will also have liquid cargo berths, Ro-Ro facility, general/coastal/breakbulk cargo berths, common rail yard, tank farms and storage May 31, the Public Private Partnership Appraisal Committee (PPPAC) cleared the development and maintenance of dredging, offshore reclamation and shore protection works on Public-Private-Partnership (PPP) Hybrid Annuity Mode (HAM) estimated to cost ₹18,998 crore for the new tender for the works is expected to be floated in August.
Mint
09-07-2025
- Mint
GR Infraprojects share price rises after receipt of NHAI's Varanasi-Ranchi-Kolkata Highway project
Shares of GR Infraprojects Ltd surged over 3 percent in intraday trade on Wednesday, July 9, after the company received the appointed date for a significant highway development project under the Bharatmala Pariyojana. The project, awarded by the National Highways Authority of India (NHAI), pertains to the construction of a six-lane Greenfield highway connecting Varanasi, Ranchi, and Kolkata. The development triggered renewed investor interest in the stock, which had been under pressure in recent months. The appointed date for the highway construction has been confirmed as July 1, 2025. GR Varanasi Kolkata Highway Private Limited—a wholly owned subsidiary of GR Infraprojects—received the official communication from NHAI on July 8, confirming commencement of the work. The project involves building a 33.50-kilometre stretch of road from Anarbansalea village to Sagrampur village, specifically from KM 151+200 to KM 184+700. This project is a part of the government's ambitious Bharatmala Pariyojana programme and will be implemented under the Hybrid Annuity Mode (HAM), identified as Package 7. The total contract is valued at ₹ 1,248.37 crore and is to be executed within 730 days from the appointed date. GR Infraprojects is expected to handle the engineering, procurement, and construction aspects, with payments split between annuity and government grants. The construction of the six-lane Greenfield highway is expected to significantly improve connectivity in Bihar and surrounding regions, contributing to logistics efficiency, economic growth, and reduced travel time between key industrial corridors. As part of the government's nationwide highway modernisation initiative, this project is seen as a high-value infrastructure milestone that reinforces GR Infraprojects' order book and operational visibility. Following the announcement, the company's shares jumped 3.1 percent to an intraday high of ₹ 1,290.30. The rally reflects renewed optimism around execution visibility and earnings potential, especially after a difficult period for the stock over the past year. Despite Wednesday's bounce, GR Infraprojects shares remain far from their 52-week high of ₹ 1,835, which was touched in July 2024. The stock had hit its 52-week low of ₹ 902.05 in March 2025. Over the past 12 months, the stock has corrected nearly 30 percent, underperforming the broader market and sector indices. In July so far, the stock is down about 3 percent after gaining 3 percent in June. May witnessed a strong 23 percent rally, providing some temporary relief following a 0.5 percent dip in April and a 4 percent gain in March. However, the earlier months of 2025 were marked by steep losses—21.5 percent in February and 13 percent in January—largely due to macro uncertainties and weak investor sentiment toward the infrastructure sector. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
09-07-2025
- Business Standard
G R Infraprojects share price rises 3% on securing order worth ₹1,248-crore
G R Infraprojects share price: G R Infraprojects share price rose as much as 3.19 per cent to hit an intraday high of ₹1,290.30 per share on Wednesday, July 9, 2025. At 1:20 PM, G R Infraprojects share price was trading 1.78 per cent higher at ₹1,272.60 per share. In comparison, BSE Sensex was trading flat with a positive bias at 83,715.76 levels. Why did G R Infraprojects share price rise today? G R Infraprojects share price increased after the company announced that its wholly-owned subsidiary, GR Varanasi Kolkata Highway Private Limited, has received a letter from the National Highways Authority of India (NHAI), dated July 8, 2025, declaring the appointed date for its highway project as July 1, 2025. The project involves the construction of a 6-lane Greenfield Varanasi–Ranchi–Kolkata Highway from Anarbansalea village to Sagrampur village (Km 151.200 to Km 184.700), covering a total length of 33.50 km. It falls under Package-7 of the Bharatmala Pariyojana and will be executed in Bihar on a Hybrid Annuity Mode (HAM). In an exchange filing, G R Infraprojects said, 'We are pleased to inform you that 'GR Varanasi Kolkata Highway Private Limited', a wholly-owned subsidiary of the company has received a letter dated July 8, 2025 from National Highways Authority of India (NHAI) declaring appointed date w.e.f. July 1, 2025 for the project 'construction of 6-lane Greenfield Varanasi-Ranchi-Kolkata Highway from Anarbansalea village to Sagrampur village (From KM. 151+200 to KM. 184+700, Pkg-7, Total Length = 33.50 Km) under Bharatmala Pariyojana in the state of Bihar on Hybrid Annuity Mode (Package-7)'.' The contract price is ₹1,248.37 crore, while the project is expected to be completed in 730 days from the Appointed Date. About G R Infraprojects G R Infraprojects Limited (GRIL) is a leading Indian infrastructure construction company with over 25 years of experience, primarily specialising in the development of roads and highways. Headquartered in Udaipur, Rajasthan, with a corporate office in New Delhi, the company operates across India and is gradually expanding into international markets. It follows an integrated project execution model, managing every phase from conceptualisation to completion, and is actively involved in Engineering, Procurement and Construction (EPC), as well as Build-Operate-Transfer (BOT) and Hybrid Annuity Model (HAM) projects. While the company's core strength lies in road infrastructure, designing and constructing highways, bridges, culverts, flyovers, and overbridges, it has also diversified into railway, metro, airport runway, and power transmission projects. Additionally, the company undertakes EPC projects in the optical fiber cable (OFC) sector and manufactures construction chemicals. The market capitalisation of G R Infraprojects is ₹12,360.99 crore, according to BSE. The company falls under the BSE 500 category.
