SP Group withdraws allegations of irregularities in Parliament building bidding process
ECONOMY & POLICY

SP Group withdraws allegations of irregularities in Parliament building bidding process

Image courtesy: Boomlive

The Shapoorji Pallonji Group withdrew the allegations it had alleged regarding the irregularities and conflict of interest in Tata Projects winning the bid to construct the new Parliament building. 

All this was in the wake of the ongoing tussle between the two groups. With relations gone sour between the Tatas and the SP Group since the sacking of Cyrus Mistry as the chairman of Tata Sons in October 2016, the Mistry family group had written letters to the Central Public Works Department (CPWD) alleging that the participation of both Tata Projects (TPL) and Tata Consulting Engineers in the process was a violation of the Central Vigilance Commission (CVC) rules.

The SP group had also claimed that the pre-qualification bid criteria were tweaked to make it possible for TPL to take part in the bidding process. 

Now, the SP Group in a letter to CPWD has mentioned its intentions of not perusing the matter any further. In the same letter it also appreciated the confirmation it had received regarding the adherence to fairness, impartiality and transparency while the bidding process was carried out.

Tata Projects won the contract for the government’s parliament redevelopment project in September 2020. Tata outbid Larsen & Toubro (L&T) for the project by bidding Rs 8.619 billion which was lower than the bid of Rs 8.65 billion offered by L&T. 

Seven firms had shown interest in the technical bid for the project. The bids were opened in August and three companies were shortlisted for the financial bid process where L&T and Tata Projects participated. But Shapoorji Pallonji did not participate in the final tendering process.


In its ongoing battle with the Tatas, the SP Group last month, which holds in 18.37 per cent stake in Tata Sons, state its intention of separating from Tata Group and putting an end to a relationship that has spanned over 70 years.

Image courtesy: BoomliveThe Shapoorji Pallonji Group withdrew the allegations it had alleged regarding the irregularities and conflict of interest in Tata Projects winning the bid to construct the new Parliament building. All this was in the wake of the ongoing tussle between the two groups. With relations gone sour between the Tatas and the SP Group since the sacking of Cyrus Mistry as the chairman of Tata Sons in October 2016, the Mistry family group had written letters to the Central Public Works Department (CPWD) alleging that the participation of both Tata Projects (TPL) and Tata Consulting Engineers in the process was a violation of the Central Vigilance Commission (CVC) rules.The SP group had also claimed that the pre-qualification bid criteria were tweaked to make it possible for TPL to take part in the bidding process. Now, the SP Group in a letter to CPWD has mentioned its intentions of not perusing the matter any further. In the same letter it also appreciated the confirmation it had received regarding the adherence to fairness, impartiality and transparency while the bidding process was carried out.Tata Projects won the contract for the government’s parliament redevelopment project in September 2020. Tata outbid Larsen & Toubro (L&T) for the project by bidding Rs 8.619 billion which was lower than the bid of Rs 8.65 billion offered by L&T. Seven firms had shown interest in the technical bid for the project. The bids were opened in August and three companies were shortlisted for the financial bid process where L&T and Tata Projects participated. But Shapoorji Pallonji did not participate in the final tendering process.The new redevelopment plan seeks to address various inadequacies of the existing structure.In its ongoing battle with the Tatas, the SP Group last month, which holds in 18.37 per cent stake in Tata Sons, state its intention of separating from Tata Group and putting an end to a relationship that has spanned over 70 years.

Next Story
Products

Viva ACP Launches FR A1-Rated Honeycomb Panels for Fire Safety

Viva, Asia’s largest manufacturer and supplier of aluminium composite panels (ACP) introduced its FR A1-rated Honeycomb Panels, setting a new industry benchmark for fire safety and architectural excellence. Engineered to deliver exceptional performance, these panels combine advanced fire-resistance technology with aesthetic versatility, offering a revolutionary solution for safety-critical environments.The FR A1 rating represents the highest standard of fire resistance under the European Standard EN 13501-1, signifying non-combustibility and zero contribution to fire, smoke, or toxic emissio..

Next Story
Real Estate

Almal Real Estate Expands into Commercial, Global Markets

Almal Real Estate Development is soon to announce its upcoming expansion into new verticals and international markets as part of its strategic growth plans for 2030. The company, known for its innovative luxury residential and hospitality developments, is preparing to diversify into the commercial sector with the introduction of The Smart Space, a network of business centers in UAE featuring five-star amenities. Additionally, Almal is entering new markets in Bali and Thailand as a community developer, focusing on villa and townhouse projects.The expansion into the commercial real estate sector..

Next Story
Infrastructure Urban

NABARD Approves Rs 9.03 Billion for 127 Projects in Himachal

The Himachal Pradesh government has secured approval from the National Bank for Agriculture and Rural Development (NABARD) for 127 projects worth Rs 9.03 billion for the 2024-25 fiscal, Chief Minister Sukhvinder Singh Sukhu announced. During a meeting with MLAs from Kangra, Kullu, Kinnaur, Solan, Chamba, Bilaspur, and Lahaul-Spiti districts to discuss priorities for the 2025-26 budget, Sukhu said the approved projects include 50 MLA-priority schemes under the Public Works Department, valued at Rs 4.12 billion, and 23 MLA-priority schemes under the Jal Shakti Vibhag, costing Rs 1.79 billio..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?