SRM Contractors Secures Parwanoo-Solan Slope Section Project in HP
SRM Contractors has secured an ₹118.53 crore project from NHAI for slope protection work along the Parwanoo-Solan section of NH55 in Himachal Pradesh, with an 18-month completion timeline
by Damodharan N
Updated Jul 23, 2024
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SRM Contractors Limited has been awarded a new project by the National Highway Authority of India (NHAI). The contract, worth ₹118.53 crores, involves the construction of slope protection work on the hillside along the Parwanoo-Solan section of NH22 (now NH55) in Himachal Pradesh.
NHAI initially pitched the project with a quoted amount of ₹100.45 crores. SRM Contractors has been selected to undertake this work under the Engineering, Procurement, and Construction (EPC) mode. The project will cover various locations between Km 67+000 and Km 106+139. The construction period for this project is set at 18 months.
This new assignment highlights SRM Contractors' expanding role in infrastructure development. The company will be tasked with installing protective measures essential for maintaining road safety and preventing landslides.
In this announcement, the company also said the closure of the trading window until 48 hours after the release of their financial results for the quarter ending June 30, 2024.
Source: Here
SRM Contractors
SRM Contractors Limited, founded in September 2008, specializes in engineering construction primarily in the challenging terrains of Jammu & Kashmir and Ladakh. The company focuses on building roads, bridges, tunnels, and slope stabilization works, both as an EPC contractor and on an item rate basis.
They also handle subcontracting assignments for major infrastructure projects. SRM Contractors has a strong track record of executing complex projects, including road realignments and tunnel constructions.
The company operates in various verticals, including road projects, tunnel construction, slope stabilization, and other civil works, using their extensive resources and expertise to manage and complete large-scale infrastructure projects.
NHAI
The National Highways Authority of India (NHAI) was established by the National Highways Authority of India Act, 1988, and is responsible for the development, maintenance, and management of National Highways in India.
NHAI oversees highway projects through Concession Agreements, involving design, construction, operation, and maintenance by various Concessionaires. It manages toll collection for tolled stretches and engages contractors for user-fee collection on government-funded stretches. The authority also provides a Toll Information System (TIS) for public access to toll rates and related information.
SRM Contractors Secures Parwanoo-Solan Slope Section Project in HP - FAQs
1. What is the value of the new project awarded to SRM Contractors?
The project is worth ₹118.53 crores.
2. Who awarded the contract to SRM Contractors?
The National Highway Authority of India (NHAI) awarded the contract.
3. What is the scope of the project?
The project involves slope protection work along the Parwanoo-Solan section of NH55 in Himachal Pradesh.
4. What was the initial quoted amount for the project by NHAI?
NHAI initially quoted ₹100.45 crores for the project.
5. What is the construction period for this project?
The construction period is set at 18 months.
6. What is the specific location of the project?
The project covers various locations between Km 67+000 and Km 106+139 of NH55.
7. What mode is the project being undertaken in?
The project is being undertaken under the Engineering, Procurement, and Construction (EPC) mode.
8. What is the purpose of the slope protection work?
The work aims to maintain road safety and prevent landslides.
9. What other information was announced along with the project award?
SRM Contractors announced the closure of the trading window until 48 hours after the release of their financial results for the quarter ending June 30, 2024.
10. When was SRM Contractors Limited founded?
SRM Contractors Limited was founded in September 2008.
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