RPP Infra Projects Limited has received a significant project award from Indian Port Rail & Ropeway Corporation Limited (IPRCL), a Government of India enterprise under the Ministry of Ports, Shipping & Waterways. The company has been awarded a Letter of Acceptance (LoA) for the execution of a key rail infrastructure project at New Mangalore Port Authority, Karnataka.
The LoA pertains to the Detailed Engineering, Procurement and Construction (EPC) of a roofing shed over the railway lines in the marshalling yard at New Mangalore Port Authority, Mangalore. The accepted contract value for the project stands at ₹66,25,85,000, with applicable GST to be paid extra as per prevailing norms.
According to the LoA issued by IPRCL, RPP Infra’s bid was accepted after corrections and modifications in line with the Instructions to Bidders. The project is scheduled to be completed within six months from the date of commencement, reflecting a tight execution timeline for the port-led rail infrastructure upgrade.
As part of the contractual requirements, RPP Infra Projects Limited is required to furnish a Performance Security equivalent to 5% of the accepted contract amount, aggregating to ₹3,31,29,250. The performance security must be submitted within 28 days from the date of issuance of the Letter of Acceptance and will remain valid for six months, plus 28 days, along with an additional 12-month defect notification period.
The LoA further specifies that the date of commencement of work shall be within seven days of the issuance of the Letter of Acceptance. The company is also required to submit its detailed execution program, mobilization plan, works planning, and program chart within seven days, ensuring timely project kick-off and adherence to milestones.
Until the formal contract agreement is signed, the Letter of Acceptance itself will serve as a legally binding contract between RPP Infra Projects Limited and IPRCL. The contract agreement is to be executed and returned within 28 days from the date of issuance of the LoA.
