A consortium led by Reliance Infrastructure Ltd has emerged the sole bidder in a financial tender for the Rs 7,660 crore second line of the Mumbai Metro rail network. R Infra in partnership with Canada’s SNC-Lavalin Group and Reliance Infocomm Ltd had submitted a bid amount of Rs 2,298 crore, which is the capital grant it requires from the Central and state governments for the mass rapid transit project. The proposed 32km rail corridor is the longest of the three routes in the first phase of the Mumbai Metro network, and will connect Charkop on the west to Mankhurd on the harbour line in the east, via Bandra.
Reliance Infra’s bid was the only bid received and is considered for approval by the executive committee of the MMRDA, the nodal agency handling the project. Once approved, the contract will be handed over to the bidder.
Reliance’s bid of Rs 2,298 crore is much less than the 40% grant that it is entitled to, which is a qualifying criterion. The second Metro line, to be built in a public-private partnership model, is entitled to a maximum grant of Rs 3,064 crore, or 40% of the project cost, from the Union and state governments. Of this, the Union government has approved Rs 1,532 crore.
Six other groups that had submitted technical bids earlier—Reliance Industries Ltd, GVK Group-Bombardier Inc., Tata Power Co. Ltd-Mitsubishi Corp., GE India-Larsen and Toubro Ltd, IL&FS-Punj Llyod Ltd and Essar- Alstom—dropped out in the financial bid round. Reliance Infra is also constructing the first 11km long, Rs 2,356 crore Andheri-Versova-Ghatkopar rail corridor connecting the city’s western and eastern suburbs.
crackcrack
| Company Name | CMP |
|---|---|
| NTPC | 333.30 |
| Tata Power | 401.25 |
| Power Grid Corp | 315.75 |
| Adani Power | 498.45 |
| Torrent Power | 1476.80 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
