Seven companies have expressed interest in the proposed underground cable project in Visakhapatnam.
Its first phase, which will come up in MVP Colony and its surrounding areas, including Lawson’s Bay, is expected to commence in the next fiscal year of 2017-18.
The seven companies which have shown interest are Vijay Electricals Ltd (Hyderabad), GVPR Engineers Ltd (Hyderabad), L&T India (Chennai), BMC Electroplast (Kolkata), KEI Industries (New Delhi), Gupta Power Infra Ltd (Odisha) and Vindhya Power Pvt Ltd (Hyderabad).
The project will have six sub-stations and will come up at a cost of Rs 230 crore. The above firms have taken part in a technical bid and deposited an investment of Rs 4.5 crore for security.
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