Others, not yet in writing, have told The Indian Express that the price variation clause will be invoked when bills are due. Research firm ANAROCK Group, in a March 19 report, estimated steel costs have risen 20%, with cascading hikes across aluminium, bitumen, tiles, ceramics and more. At the dismantling of the 112-year-old Elphinstone bridge — a critical component of the Sewri-Worli Connector — LPG is central to the work. “Material costs have gone up, but the price variation clause is there, so we don’t have to write to the authorities yet,” an official said. Officials from other agencies, such as the MSRDC undertaking the Versova Bandra Sea Link, said contractors were managing with cost hikes, but they would expect the cost variation clause to be invoked in due course.

Source: Indian Express April 04, 2026 07:55 UTC