Nyati Wins Ratnagiri Airport’s New Terminal Contract in Maharashtra

Nyati Engineers and Consultants Pvt. Ltd. (NECPL) on Wednesday was declared as the lowest bidder to construct a new terminal building at Ratnagiri Airport (RTC) in western Maharashtra.

Ratnagiri Airport in Mirjole village (view on Google Maps) is owned by Maharashtra Industrial Development Corporation (MIDC) and currently houses an Indian Coast Guard station for surveillance and search & rescue operations.

A new civil enclave is now being developed by Maharashtra Airport Development Company (MADC) with a new passenger terminal building spread across an area of 3200 sqm., link taxiway, and an apron capable of handling two ATR-72 type aircraft.

MADC had invited bids for construction work in March 2024 with a Rs. 50.52 crore estimate and 540 day (1.47 year) construction deadline.

Technical bids were opened in mid-May to reveal 7 bidders. Among those, bids submitted by 3 firms – Fulari Realty, Nesh Architects & SCC Infrastructure – were found technically non-compliant to the tender conditions and were disqualified.

Financial Bid Values

Firm	Bid (Rs. Crore)
Nyati Engineers and Consultants Pvt. Ltd.	57.64
Hi Tech Infra	60.21
Generic Engineerings Construction and Projects	63.15
Ajwani Infrastructure	64.00

MADC’s Brief Scope: Construction of Passenger Terminal Building and Associated Infrastructure at Ratnagiri Airport, India

Here’s the masterplan schematic and some designs of Ratnagiri Airport via MADC’s tender documents:

NECPL’s bid of Rs. 57.64 crore was 14.09% higher than AAI’s Rs. 50.52 crore estimate, which isn’t terribly too high, so this will head straight to the negotiations table for contract finalization.

I expect basic ground work to start by the end of Q3 2024 and full-fledged construction work in Q4 2024. NECPL had last year won Udaipur Airport’s new terminal contract – see details and design.

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– TMRG