Shree Associates Infraventures Emerges L1 with ₹128.6 Cr Bid for MIDC Talegaon Infrastructure Project in Pune
Financial Evaluation Key Takeaways
- ✓ Shree Associates Infraventures Limited is the L1 bidder with a ₹128.6 Cr quote.
- ✓ The estimated tender value is ₹147.6 Cr for the Talegaon Industrial Area, Pune.
- ✓ Seven bidders participated and were admitted to the financial round.
- ✓ YASHRAJ GLOBAL INFRACON LLP and Shankar Ramchandra Infra Pvt. Ltd ranked L2 and L3 respectively.
- ✓ The tender is for providing infrastructure facilities to Ambale Village, part of Talegaon Industrial Area Phase IV.
- ✓ Procurement was conducted by Maharashtra Industrial Development Corporation via EPROCURE.
Shree Associates Infraventures Limited has emerged as the L1 (lowest) bidder with a ₹128.6 crore quote for the Maharashtra Industrial Development Corporation's ₹147.6 crore infrastructure project at Talegaon Industrial Area, Pune. Seven bidders participated in the financial round.
In a significant development for Pune's industrial infrastructure, Shree Associates Infraventures Limited has emerged as the lowest (L1) bidder for the Maharashtra Industrial Development Corporation's (MIDC) infrastructure facilities project at Talegaon Industrial Area, Phase IV. The financial bids for the ₹147.6 crore project were opened on 3rd July 2026, with the result declared on 21st July 2026.
Shree Associates Infraventures Limited quoted ₹128.6 crore for the project, positioning itself ahead of six other competitors in the financial evaluation. The project aims to provide essential infrastructure facilities to the part layout for Ambale Village within the Talegaon Industrial Area.
The Award
Shree Associates Infraventures Limited has emerged as the L1 (lowest) bidder with a quoted price of ₹128.6 crore for the MIDC's Talegaon Industrial Area Phase IV infrastructure project in Pune. The contract, valued at an estimated ₹147.6 crore, is yet to be formally awarded.
Bidders (7)
About the Project
- Project involves providing infrastructure facilities to part layout for Ambale Village in Talegaon Industrial Area, Phase IV.
- Located in Pune, Maharashtra, under the jurisdiction of MIDC.
- Procurement conducted via EPROCURE platform.
- Estimated tender value stands at ₹147.6 crore.
Why It Matters
This project is crucial for boosting industrial infrastructure in the Talegaon region, supporting economic growth and development in Pune's Ambale Village area.
With Shree Associates Infraventures Limited emerging as the L1 bidder, the MIDC Talegaon project moves a step closer to execution. The formal award will follow after further evaluation and compliance checks.
