HYDERABAD NEWS. Nagarjuna Construction Company (NCC) bags Hyderabad ORR Contracts amounting to 648 Crore

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(Excl Ventures News) Hyderabad-based Nagarjuna Construction Company has bagged two packages of the phase II-B of Hyderabad Outer Ring Road (ORR) Project. Kuwait-based United Gulf Constructions won contract for package one of Phase-II B .

The total cost of the three packages in Phase-II B extending up to 33-km is over Rs 842 crore and will be executed with loan from Japan International Co-operation Agency.

The state government has issued orders approving the selection of the above two companies to execute the last of the three packages in the ORR project. The companies were selected for their lowest bids. With the awarding of this contract, all the civil works pertaining to the 158-km-long ORR have been covered.

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The United Gulf Constructions Co W.L.L, Kuwait, bagged the contract for Package One from Shamirpet to Keesara (10.3 km) for Rs 195 crore, which is 17.73 less than the esti- mated contract value.

The Nagarjuna Construction Company Ltd bagged package two and three, from Keesara to Ghatkesar (11 km) and Ghatkesar to Pedda Amberpet (12 km) for Rs 347.84 crore and Rs 300 crore, respectively. Both the contract values are 19.42 per cent and 16.64 per cent lower than the estimated contract value, respectively.

The successful bidders have to complete the project within 30 months, which will mark the completion of civil works contract of the ambitious ORR project con- necting the core city with surrounding areas and neighbouring districts.