MNCs set to rebuild Ranchi
By Our Correspondent | 19 Sep 2001
New Delhi:
Poorest of the poor state it may be. But that doesnt
stop its tribal rulers from dreaming big. Really big.
The newly-formed, predominantly tribal state of Jharkhand
wants to build its new capital city at a whopping cost
of Rs 10,000 crore. With such exorbitant money involved,
over a dozen multinational companies are engaged in a
fierce battle to bag the contract.
The MNCs have teamed up with leading Indian town-planners
to make a bidding. The state government had floated a
global tender to reconstruct the new capital at Ranchi.
Over two dozen companies bought the tender papers, of
which 14 have already made their bids. Only those companies,
which had earlier set up a township of half a million
costing more than Rs 2000 million and earn Rs 100 million
from consultancy, qualify for the bid.
The brief is to do landscaping, plan architecture, develop
water supply and distribution, power generation and carry
out digital mapping and geotechnical investigations.
Prominent consortiums are:
- High Point Rendel of the UK in association with the US-based Edaw Ltd and Kikken Sekkel (Tokyo) with the Ranchi-based Swastik group.
- The Mumbai-based MSCN Belkar with two UK-based companies: Chapman and Hutting and the Ranchi-based Mecon Ltd.
- Arch Consultancy Services (New Delhi) with the Singapore-based Mainhat.
- State-run RITES with Tata Consultancy Services.
- Development Consultants (Kolkata) with Chaudhary and Littlefield of the UK.
- Cidco (Mumbai) with Tata Consultancy Engineering.
- Gruven Associates (Mumbai) with Gadi Pvt Ltd.
- Ledanswain and Devis with P B Consultants.
- APC, Redicon Pvt Ltd (New Delhi) with an Indonesian company.
- Engineering India Ltd with a California-based company.
Latest articles
Featured articles
The remarkable Ratan Tata
By Kiron Kasbekar | 23 Oct 2024
One newspaper report of Ratan Tata’s passing away showed an old photo of him climbing into the cockpit of a Lockheed Martin F-16 fighter.
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation