Contract Highlights:
| Particulars | Details |
|---|---|
| Project Scope | Construction of a Road Over Bridge (ROB) at Level Crossing No. 476 |
| Client | The Braithwaite and Jessop Construction Company Limited |
| Contract Value | ₹37,24,99,553.65 (₹37.25 crore, inclusive of GST) |
| Completion Timeline | 15 months from LOA issuance |
| Performance Guarantee | ₹1,86,24,978 (5% of total contract value) |
| Defect Liability Period | 12 months post-completion |
Key Terms & Project Execution
- The contract mandates strict adherence to specifications mentioned in the Notice Inviting Tender (NIT).
- Tantia Constructions will commence work immediately, with a target completion period of 15 months.
- The performance guarantee must be submitted within 21 days from the LOA date.
- Payments will be processed as per tender terms, ensuring smooth financial execution.
Strategic Outlook & Market Positioning
This contract win strengthens Tantia Constructions' footprint in railway infrastructure projects, particularly in North Central Railway's development initiatives. The company continues to position itself as a leading EPC player in the transportation and urban infrastructure sector.With the Indian government’s continued push for railway modernization, Tantia Constructions remains poised for further opportunities in railway bridges, metro projects, and road infrastructure.