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MRVC

Identifies L1 bidder for Vasai Road and Virar station works

₹113.57 crore
Image: Metro Rail News
Type
Infrastructure · Rail
Reported
10 November 2026
LOKAZEN DESK1 MIN READBased on reporting by Metro Rail News

Mumbai Railway Vikas Corporation has shortlisted Dineshchandra R. Agrawal Infracon as the lowest-cost bidder for upgrades at two Western Railway stops tied to the Borivali-Virar corridor expansion.

L1 bidder
Dineshchandra R. Agrawal Infracon Pvt. Ltd.
Bid value (with GST)
₹113.57 crore
Bid value (excl. GST)
₹96.25 crore
Bid opening date
5 November 2026
Bidders / qualified
11 bids submitted, 9 met eligibility criteria
Project phase
Mumbai Urban Transport Project (MUTP) Phase-IIIA

What's happening

Mumbai Railway Vikas Corporation (MRVC) has picked Dineshchandra R. Agrawal Infracon Pvt. Ltd. as the top-ranked (L1) contractor for a contract covering upgrades to the Vasai Road and Virar stops on the Western Railway network.

The work ties into plans for two additional tracks, lines 5 and 6, running between Borivali and Virar.

The details

When bids were opened on 5 November 2026, the firm's financial offer came in at ₹113.57 crore including GST, or ₹96.25 crore before tax.

Eleven companies submitted bids for this contract, and nine of them cleared the eligibility and qualification screening needed to reach the financial evaluation stage.

The contract falls under Phase-IIIA of the Mumbai Urban Transport Project and was floated through the Railway Ministry's World Bank-funded tendering process.

Why it matters

Station-level upgrades at Vasai Road and Virar would support the broader push to add capacity along the Borivali-Virar stretch, a busy section of Mumbai's suburban rail network.

WHERE IT LANDS

WHAT IT MEANS

Lokazen’s read
  • For brands & retailers

    Works at Vasai Road and Virar stations could affect station-facing retail access and are worth watching for tenant demand.

  • For businesses

    Station works at Vasai Road and Virar could improve commuter access for nearby workplaces.

  • For investors & landlords

    The ₹113.57 crore station works could support demand for assets within walking distance of Vasai Road and Virar.

HOW TO GET AHEAD

Compare station-facing commercial space around Vasai Road and Virar.

Lokazen’s analysis of this report and our location data. A guide for choosing locations, not investment advice.

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