Tata Projects is the frontrunner in Parliament redevelopment project

At Rs 861.9 crore, Tata's bid is lower than L&T's Rs 865 crore

Industrial infrastructure firm Tata Projects Ltd is likely to bag the  government’s ambitious Parliament redevelopment project with its lowest bid.  Sources said the bids were opened on Wednesday to find a close fight between two Mumbai-headquartered firms—Tata Projects at Rs 861.9 crore against L&T’s Rs 865 crore.      

The Parliament construction project, expected to be completed by the first half of 2022–before India’s 75th Independence Day–had attracted many construction firms, but the bids came from only two companies.

“Since Tata’s bid is lower, it is likely that the project will go to them after due process and evaluation,” said an official