L&T, Tech Mahindra fined Rs 1 crore for delaying smart city projects
SMART CITIES

L&T, Tech Mahindra fined Rs 1 crore for delaying smart city projects

The Pimpri Chinchwad Municipal Corporation (PCMC) has imposed a fine of over Rs 1 cr on Larsen and Toubro (L&T) and Tech Mahindra for delays in smart city projects.

The matter came forward during the meeting of the Board of Directors of Pimpri-Chinchwad Smart City Limited. The meeting took place at Auto Cluster in Chinchwad. The State Principal Secretary, Chairman Nitin Kareer, Municipal Commissioner Rajesh Patil, and other directors attended the meeting.

On Saturday, Joint CEO Neelkanth Poman said that the Board of Directors had rejected the requests made by the firms to waive their fines. However, the Board has rejected their demand. The Board had given all the relief as per the government's resolution. Besides, they had given an extension to complete the works, he added.

A total of five contractors were implementing 38 Smart City projects. Out of these, L&T and Tech Mahindra are implementing six and 16 projects, respectively, but both the firms are unable to complete the project on the allotted deadline. Therefore, L&T was fined with Rs 36 lakh, while Tech Mahindra was fined Rs 1.36 crore, Poman said. The amount is to be deduced from their bills.

He said both the firms requested the Board of Directors to waive their fine amounts, as the delay was made due to the Covid-19 pandemic and lockdown. Both the firms requested that they faced a shortage of laborers and material due to the pandemic and lockdown. They said that the migrants had gone home, and the material was not available due to lockdown in various countries.

The Board has given necessary relief under the government's resolution, and no further relief can be given to both the firms. However, the Board has provided an extension of six months to complete the project, he said.

Image Source


Also read: Over 5,000 smart city projects in 100 cities remain incomplete

Also read: Smart City scheme: Aurangabad on the verge of modernisation

The Pimpri Chinchwad Municipal Corporation (PCMC) has imposed a fine of over Rs 1 cr on Larsen and Toubro (L&T) and Tech Mahindra for delays in smart city projects. The matter came forward during the meeting of the Board of Directors of Pimpri-Chinchwad Smart City Limited. The meeting took place at Auto Cluster in Chinchwad. The State Principal Secretary, Chairman Nitin Kareer, Municipal Commissioner Rajesh Patil, and other directors attended the meeting. On Saturday, Joint CEO Neelkanth Poman said that the Board of Directors had rejected the requests made by the firms to waive their fines. However, the Board has rejected their demand. The Board had given all the relief as per the government's resolution. Besides, they had given an extension to complete the works, he added. A total of five contractors were implementing 38 Smart City projects. Out of these, L&T and Tech Mahindra are implementing six and 16 projects, respectively, but both the firms are unable to complete the project on the allotted deadline. Therefore, L&T was fined with Rs 36 lakh, while Tech Mahindra was fined Rs 1.36 crore, Poman said. The amount is to be deduced from their bills. He said both the firms requested the Board of Directors to waive their fine amounts, as the delay was made due to the Covid-19 pandemic and lockdown. Both the firms requested that they faced a shortage of laborers and material due to the pandemic and lockdown. They said that the migrants had gone home, and the material was not available due to lockdown in various countries. The Board has given necessary relief under the government's resolution, and no further relief can be given to both the firms. However, the Board has provided an extension of six months to complete the project, he said. Image Source Also read: Over 5,000 smart city projects in 100 cities remain incomplete Also read: Smart City scheme: Aurangabad on the verge of modernisation

Next Story
Infrastructure Energy

Samridh, CEID Launch High-Capacity Biogas Plant in Moradabad

Samridh Bioenergy has broken ground on a 12 TPD compressed biogas (CBG) plant in Moradabad, Uttar Pradesh, under the MNRE’s National Bioenergy Programme. Spread across 12 acres, the plant will process 270 tonne of organic waste daily and generate 30,000 cubic metre of biogas per day.CEID Consultants and Engineering Pvt Ltd has been appointed as the EPC contractor, responsible for the complete design, procurement, and construction of the plant. Equipped with four multi-feed digesters, the facility will accept a mix of press mud, cow dung, chicken litter, and vegetable waste, supporting contin..

Next Story
Real Estate

Delhi Micro-Markets Drive Up Housing Prices: Grihum Study

A new study by Grihum Housing Finance reveals that the rise of micro-markets across Delhi-NCR is fuelling real estate price appreciation, especially in the affordable housing segment. Key drivers include renewed post-pandemic interest, migration trends, and government schemes like PMAY.According to the study, over the past two decades, floor rates have risen 267 per cent, from Rs 1,500 per sq ft in 2005 to Rs 5,500 in 2024. In the same period, land rates surged 492 per cent, from Rs 1,300 to Rs 7,700 per sq ft. The sharp increase highlights strong capital appreciation in Delhi’s emerging loc..

Next Story
Resources

Covestro Develops PCR Polycarbonates from End-of-Life Headlamps

Materials manufacturer Covestro has launched post-consumer recycled (PCR) polycarbonates made from end-of-life automotive headlamps, in a move aimed at strengthening circularity in the auto industry. These TÜV Rheinland-certified grades, containing 50 per cent recycled content, are now commercially available for new automotive applications.Developed under a joint programme led by GIZ, with Volkswagen and NIO as key partners, the recycled material is currently being validated for use in future vehicle models.""This new line of polycarbonate represents a significant step in supporting the autom..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?