logo
New plant to cost over Rs 3,000 crore BMC floats fresh tender to construct desalination plant at Manori

New plant to cost over Rs 3,000 crore BMC floats fresh tender to construct desalination plant at Manori

Indian Express2 days ago

The Brihanmumbai Municipal Corporation (BMC) has once again floated a global tender for constructing a 200-million litres per day (MLD) desalination plant in Mumbai's Manori island. The comes eight months after the civic body scrapped the previous tender which was floated in December 2023.
A desalination plant is a facility where the saline water from the sea is scientifically treated by removing the salt extracts and mineral from it to make them fit for potable usage. Globally, desalination plants are popular in countries like Israel which have minimum access to natural potable water like rivers and lakes but are close to the sea.
Civic officials said the new tenders were floated following a project feasibility study that was carried out by the Tata Consultancy Services (TCS) identifying some of the key causes because of which the tender failed to attract a good number of bidders. Speaking to the Indian Express, Abhijit Bangar, additional municipal commissioner (projects), said the previous tender was floated by using the Swiss challenge method under which an initial proposal is published based on the bids submitted by a particular party following which other parties are invited to submit counter-proposals that either match or improve upon it.
'The first tender was live for nearly a year and we had called for bids three times out of which we received response only once and that one bidder later got disqualified. Following this, we carried out a survey and the new tenders are being floated by using the conventional engineering-procurement and consultancy (EPC) method which is the usual way through which all interested bidders can submit their bids at the same time which is followed by the evaluation process,' Bangar told Express.
According to the previous tender, the estimated cost of constructing the plant was pegged at Rs 2,000 crore while Bangar said the base price of constructing the plant as part of the new tender is being pegged at Rs 3,000-Rs 3,200 crore. He also said the capacity and most of the technical specifications of the plant remains the same in the new tender.
'The reason for cost escalation is that the new plan will include three underground tunnels–two of which will bring in sea water to the plant for treatment and one tunnel will serve as an outfall for the treated inert materials that will be left following the treatment. This process will involve electrical and mechanical interventions due to which there has been a cost escalation. The final cost estimates were prepared and calculated by the consultant only after checking quotations from prospective agencies that have expertise in the field,' Bangar said. He also added that the water into the plant will be drawn 2.5 km from the shoreline where the sea is deep.
The plant will come up in a 12-hectare plant at Manori village which is a fishing hamlet in northern fag end of Mumbai. The plot where the plant will come up is owned by the state government and civic officials said the process of transferring the land to the BMC is in the final stage.
The proposal of constructing a desalination plant was first mooted in 2019 as a solution to counter the issue of growing water demand in Mumbai which requires 4,250 MLD of water daily while the civic body is able to serve only 3,900 MLD, making a deficit of 300 MLD. This will be the first desalination plant in Maharashtra.
At present, Mumbai is dependent on seven lakes–Tulsi, Vihar, Tansa, Bhatsa, Modak Sagar, Upper Vaitarna, Middle Vaitarna which are located in suburban Mumbai, Thane, Palghar and Nashik. The catchment area of these lakes gets filled during the monsoon following which water is transferred to Mumbai's pockets through pipelines and tunnels.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Rupee rises 12 paise to 85.43 against US dollar in early trade
Rupee rises 12 paise to 85.43 against US dollar in early trade

Time of India

time41 minutes ago

  • Time of India

Rupee rises 12 paise to 85.43 against US dollar in early trade

Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The rupee appreciated by 12 paise to 85.43 against the US dollar in early trade on Monday on the back of a weak American currency and favourable macroeconomic data that fuelled hope of a further reduction in key interest rate in the RBI's upcoming monetary a volatile equity market, outflow of foreign funds and higher crude oil prices amid global trade related uncertainties weighed on the Indian currency, according to forex traders Analysts also said that market participants will be closely monitoring key macroeconomic announcements for further Monetary Policy Committee (MPC) will begin the deliberations on its next bi-monthly policy on June 4 and the outcome is scheduled to be announced on June PMI (Purchasing Managers' Index) data for manufacturing and services sectors is also expected to be announced this the interbank foreign exchange, the domestic unit opened at 85.55 and gained further ground to trade at 85.43 against the greenback in initial deals, registering a rise of 12 paise from its previous rupee ended 7 paise lower at 85.55 against the dollar on the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.05 per cent at crude, the global oil benchmark, rose 2.12 per cent to USD 64.11 per barrel in futures the domestic equity market, the 30-share BSE Sensex tumbled 709.10 points, or 0.87 per cent, to 80,741.91, while the Nifty dropped 196.00 points or 0.79 per cent to 24,554.70. Foreign institutional investors (FIIs) sold equities worth Rs 6,449.74 crore on a net basis on Friday, according to exchange to the latest govern data released on Friday, the Indian economy expanded at a faster pace than expected in the last quarter of the 2024-25 fiscal. The GDP growth rate of 7.4 per cent in January-March period of FY25 reflected a strong cyclical rebound that was helped by a rise in private consumption and robust growth in construction and government also managed to meet its fiscal deficit target of 4.8 per cent of the GDP for 2024-25, according to the provisional data released by the Controller General of Accounts on country's gross GST collection remained above the Rs 2 lakh crore mark for the second month in a row, rising 16.4 per cent in May to over Rs 2.01 lakh crore. Goods and Services Tax (GST) collection had touched a record high of Rs 2.37 lakh crore in Reserve Bank's weekly data released on Friday showed India's forex reserves jumped by USD 6.992 billion to USD 692.721 billion during the week ended May 23. The reserve had dropped by USD 4.888 billion to USD 685.729 billion in the preceding week. PTI

Why is the stock market down today? Sensex slumps over 700 pts, Nifty slips below 24,600; 5 key reasons behind the decline
Why is the stock market down today? Sensex slumps over 700 pts, Nifty slips below 24,600; 5 key reasons behind the decline

Time of India

time44 minutes ago

  • Time of India

Why is the stock market down today? Sensex slumps over 700 pts, Nifty slips below 24,600; 5 key reasons behind the decline

Here are five key reasons behind today's market decline: 1. U.S. tariffs on metals threaten Indian exporters Live Events 2. Weak global cues and trade tension jitters 3. Caution ahead of U.S. Fed commentary and jobs data 4. Domestic selloff in key sectors 5. Russia-Ukraine conflict (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Indian equity benchmarks fell sharply on Monday, with the Sensex and Nifty trading lower amid selling pressure in metal and IT stocks. The weakness overshadowed India's strong GDP growth figures, as global cues remained mixed and investors turned cautious ahead of key U.S. macroeconomic around 9:42 am, the BSE Sensex had declined 704 points, or 0.86%, to 80,747, while the Nifty50 was down 168 points, or 0.68%, at 24, overall market capitalisation of BSE-listed companies dropped by Rs 2.06 lakh crore to Rs 442.13 lakh crore. The Nifty Metal index led the losses with a 1.4% decline, while the Nifty IT index fell 1.25%, weighed down by concerns over the U.S. economy and trade policy. Broader markets also remained under pressure, with small-cap and mid-cap indices slipping 0.3% economy had posted a strong 7.4% GDP growth in the January–March quarter, driven by manufacturing and construction. However, that optimism failed to lift sentiment amid external sentiment turned sour after U.S. President Donald Trump announced plans to double tariffs on imported steel and aluminium to 50%, effective June 4, 2025. This move is expected to adversely affect Indian metal exporters like Tata Steel Hindalco , and NALCO , which have significant exposure to the U.S. exported $4.56 billion worth of iron, steel, and aluminium products to the U.S. in FY2025. The tariff escalation, though not immediately impacting trade, has added uncertainty and is weighing on stocks in the metal sector."President Trump's 50% tariffs on steel and aluminium is a clear message that the tariff and trade scenario will continue to be uncertain and turbulent. This headwind will impact markets," said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit and European markets showed signs of stress as investors grappled with the implications of escalating U.S.-China trade tensions. Japan's Nikkei dropped 1.4%, Hong Kong lost 2.5%, and U.S. futures also edged lower — with S&P 500 and Nasdaq futures down up to 0.5%.Markets are also uncertain about whether the U.S. will follow through with the tariff hike, creating additional volatility. While some regional indices like South Korea's gained slightly due to political optimism, the overall sentiment remained Read: India's top 10 priciest stocks in 2025: MRF to Elcid, see who tops the list Investors are bracing for a heavy week of macroeconomic updates from the U.S., especially the non-farm payrolls report and Federal Reserve commentary, which could influence the path of interest U.S. Senate is also set to consider a $3.8 trillion tax-and-spending bill, adding to concerns about the country's ballooning $36.2 trillion federal debt. As a result, long-term U.S. Treasury yields are nearing the critical 5% mark, which is adding to pressure on global equity Governor Christopher Waller on Monday indicated that rate cuts are still possible this year, but much will depend on incoming data. For now, markets are pricing in a 75% chance of a rate cut in September, though the Fed has not explicitly confirmed this home, selling was broad-based across sectors. Metal and IT stocks, which have global exposure, were among the hardest hit, reflecting external risks. Additionally, 10 of the 13 major sectoral indices on the NSE opened in the strong domestic data — with India's Q4 GDP growth at 7.4% — was not enough to support markets. Investors appear to be locking in gains after recent highs, as global uncertainties loom large over the near-term geopolitical concerns also weighed on investor sentiment after Ukraine launched drone attacks on five airbases deep inside Russian territory, reportedly destroying several aircraft. The incident comes just ahead of a scheduled peace summit in Turkey, raising fears of a possible escalation in the conflict if Russia intensification of the Russia-Ukraine war could disrupt global supply chains, especially in energy and commodities, leading to renewed volatility in global Read: Ola Electric, Kalyan Jewellers among 10 firms where promoters pledge increased in Q4

Rupee rises 12 paise to 85.43 against US dollar in early trade
Rupee rises 12 paise to 85.43 against US dollar in early trade

Economic Times

timean hour ago

  • Economic Times

Rupee rises 12 paise to 85.43 against US dollar in early trade

The rupee saw gains against the US dollar due to positive economic data and expectations surrounding the Reserve Bank of India's monetary policy. Strong GDP growth and GST collections support this. However, volatile stock markets, foreign fund outflows, and rising crude oil prices create headwinds. The RBI's policy decision and PMI data are keenly awaited by the market. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Markets 1. US dollar declines as traders assess tariff outlook Tired of too many ads? Remove Ads The rupee appreciated by 12 paise to 85.43 against the US dollar in early trade on Monday on the back of a weak American currency and favourable macroeconomic data that fuelled hope of a further reduction in key interest rate in the RBI's upcoming monetary a volatile equity market, outflow of foreign funds and higher crude oil prices amid global trade related uncertainties weighed on the Indian currency, according to forex traders Analysts also said that market participants will be closely monitoring key macroeconomic announcements for further Monetary Policy Committee (MPC) will begin the deliberations on its next bi-monthly policy on June 4 and the outcome is scheduled to be announced on June PMI (Purchasing Managers' Index) data for manufacturing and services sectors is also expected to be announced this the interbank foreign exchange, the domestic unit opened at 85.55 and gained further ground to trade at 85.43 against the greenback in initial deals, registering a rise of 12 paise from its previous rupee ended 7 paise lower at 85.55 against the dollar on the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.05 per cent at crude, the global oil benchmark, rose 2.12 per cent to USD 64.11 per barrel in futures the domestic equity market, the 30-share BSE Sensex tumbled 709.10 points, or 0.87 per cent, to 80,741.91, while the Nifty dropped 196.00 points or 0.79 per cent to 24,554.70. Foreign institutional investors (FIIs) sold equities worth Rs 6,449.74 crore on a net basis on Friday, according to exchange to the latest govern data released on Friday, the Indian economy expanded at a faster pace than expected in the last quarter of the 2024-25 fiscal. The GDP growth rate of 7.4 per cent in January-March period of FY25 reflected a strong cyclical rebound that was helped by a rise in private consumption and robust growth in construction and government also managed to meet its fiscal deficit target of 4.8 per cent of the GDP for 2024-25, according to the provisional data released by the Controller General of Accounts on country's gross GST collection remained above the Rs 2 lakh crore mark for the second month in a row, rising 16.4 per cent in May to over Rs 2.01 lakh crore. Goods and Services Tax (GST) collection had touched a record high of Rs 2.37 lakh crore in Reserve Bank's weekly data released on Friday showed India's forex reserves jumped by USD 6.992 billion to USD 692.721 billion during the week ended May 23. The reserve had dropped by USD 4.888 billion to USD 685.729 billion in the preceding week. PTI

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store