Shapoorji Pallonji Group Firm Afcons Infrastructure Secures Bid Worth ₹4,787.20 Crore, Completion Deadline Set At 36 Months

Afcons Infrastructure Ltd, a firm under the Shapoorji Pallonji Group, on Monday announced that it has emerged as the lowest bidder (L1) for the construction of the Pune Ring Road (East) Packages PRR E5 and E7. The project was awarded by the Maharashtra State Road Development Corporation Ltd. (MSRDC).

The project got a total bid value of ₹4,787.20 crore, excluding GST. The construction will be carried out under the EPC (Engineering, Procurement, and Construction) mode, with a set completion deadline of 36 months.

Afcons, in its regulatory finding on Monday, announced and wrote, “..we are pleased to announce that Afcons Infrastructure Limited has emerged as the Lowest bidder (L1) for the tender invited for the work of construction of the Access Controlled Pune Ring Road (East) Packages PRR E5 and E7 by the Maharashtra State Road Development Corporation Ltd. (MSRDC).”

The project includes the construction of the Access-Controlled Pune Ring Road (East) in two separate packages:

Package PRR E5: Construction from Km. 72+335 Valati, Taluka Haveli to Km. 81+900 Sonori, Taluka Purandar, District Pune, with a bid project cost of ₹2,718.50 crore (excluding GST) under the EPC mode, with a completion period of 36 months.

Package PRR E7: Construction from Km. 97+900 Garade, Taluka Purandar to Km. 104+140 Shiware, Taluka Bhor, District Pune, with a bid project cost of ₹2,068.70 crore (excluding GST) under the EPC mode, with a completion period of 36 months.

Total Bid Project Cost: ₹4,787.20 crore (excluding GST)

Pune Ring Road Project

While Punekars continue to struggle with traffic congestion issues in the city, the Metro project is helping people travel from Pimpri Chinchwad to Pune, allowing them to reach their destination in just 35 minutes—a journey that otherwise takes 1.5 to 2 hours. Now, another road project expected to be a boon for city traffic is the Pune Ring Road Project. This project is one of the most anticipated, as it is expected to resolve the issue of heavy vehicular traffic and reduce congestion in Pune city.

Recently, the Maharashtra cabinet approved an escalation of ₹20,375.21 crore for the Pune Ring Road project, bringing the total project cost to ₹42,711.03 crore. This increase comes just three years after the initial project estimation, despite construction yet to commence.

The PMRDA was appointed as the development authority for the project in 2016 with the expectation of diverting heavy vehicular traffic and reducing congestion in Pune city. It was also expected to speed up the development of the suburbs.