IOCL Invites Bids for Paradip Refinery Township Expansion

Bids are being accepted for the construction of G+8 story buildings and related infrastructure as part of the Paradip Refinery township extension in Paradip, Odisha, by Indian Oil Corporation (IOCL). The Rs 101.16 crore contract must be finished within 24 months of the site handover date.

IOCL Invites Bids for Paradip Refinery Township Expansion

Indian Oil Corporation Limited (IOCL) has announced a significant initiative to expand the township associated with its Paradip Refinery in Odisha. This expansion project aims to accommodate.

the growing workforce and improve the living conditions of employees and their families. The call for bids marks a crucial step in enhancing the infrastructure and amenities within the township, aligning with IOCL’s commitment to sustainable development and corporate social responsibility.

Background of the Paradip Refinery

The Paradip Refinery, commissioned in 2016, is one of the largest oil refineries in India, with a capacity of 15 million metric tons per annum (MMTPA). It plays a vital role in meeting the country’s.

Demand for petroleum products, contributing significantly to the economy of Odisha and the surrounding regions. With the refinery’s operational success and increasing production capacity, the need for a well-planned township for its workforce has become imperative.

Objectives of the Township Expansion

The expansion of the Paradip Refinery Township aims to achieve several key objectives:

1. Enhanced Living Standards: The primary goal is to provide improved housing and amenities for employees and their families. This includes constructing modern residential units, recreational facilities, and essential services such as schools, healthcare centers, and shopping complexes.
3. Sustainable Development: The expansion project will incorporate sustainable practices, focusing on energy efficiency, waste management, and green spaces. The design will emphasize environmental sustainability, aligning with IOCL’s broader goals of reducing its carbon footprint.
5. Boosting Local Economy: The project is expected to create job opportunities not only within the refinery but also in ancillary services. By improving infrastructure and living conditions, the expansion will attract more skilled professionals to the area, fostering economic growth.
7. Strengthening Community Ties: The expansion will also focus on building a sense of community among employees and residents. The development of parks, community centers, and recreational facilities will encourage social interactions and enhance the quality of life.

Bid Invitation Details

IOCL has issued an invitation for bids from experienced contractors and construction firms to undertake the township expansion project. The bid documents provide comprehensive details about the project scope, technical specifications, timelines, and eligibility criteria. Interested bidders must demonstrate their capability and experience in executing similar large-scale construction projects.

1. Scope of Work: The project includes the construction of residential buildings, commercial spaces, and community amenities. Bidders will need to provide detailed proposals outlining their approach to construction, design, and project management.
3. Eligibility Criteria: Bidders must have a proven track record in large-scale construction projects, financial stability, and the necessary technical expertise. The selection process will prioritize firms that demonstrate innovation in design and sustainability practices.
5. Submission Process: Bids must be submitted by the specified deadline, accompanied by relevant documentation, including company profiles, financial statements, and project references. A pre-bid meeting may be held to address any queries from potential bidders.
6. Evaluation Criteria: Bids will be evaluated based on technical and financial criteria. The selection committee will assess the feasibility of proposed timelines, cost-effectiveness, and the ability to meet sustainability goals.

Timeline and Project Duration

The timeline for the bid submission and evaluation process is outlined in the bid documents. Upon finalizing the contractor, the construction phase is expected to commence shortly, with a projected duration of 18 to 24 months for the completion of the initial phase of the township expansion.

Group Media Publication
Construction, Infrastructure and Mining   
General News Platforms – IHTLive.com
Entertainment News Platforms – https://anyflix.in/
Legal and Law News Platforms – https://legalmatters.in/