+
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
Real Estate

We aim to grow strategically across the redevelopment and mid-premium segments

With over 10 million sq ft delivered and more than 10,000 families served, Ramky Estates has emerged as a trusted name in responsible urban development. In this conversation with CW, Nanda Kishore, Managing Director, Ramky Estates, shares insights on the company’s growth philosophy, foray into the Mumbai market, commitment to sustainability, and vision for future-ready communities that blend smart living with long-term value creation.Over 10 million sq ft delivered is no small feat – what has been the driving ethos behind Ramky Estates’ journey so far?Real estate is not just a secto..

Next Story
Real Estate

We aim to triple our India business by 2030

Step into a TOTO bathroom and you don’t just see design – you feel it. From the soft, warm seat to the gentle rhythm of cleansing water and silent air drying, every interaction is engineered for delight. TOTO doesn’t sell products; it crafts rituals. With Japan’s legacy of innovation and India’s appetite for refined living, the brand is not just redefining luxury – it’s awakening the senses, one ‘Washlet’ at a time.In an exclusive conversation with FALGUNI PADODE, Group Managing Editor, CW, Shiozawa Kazuyuki, Managing Director, and Kokubu Yohei, Sales Unit Head, TOTO Ind..

Next Story
Real Estate

Not Just Glass Boxes!

India is moving away from the ‘glass box’ syndrome, all-glass façades that were widely used in commercial buildings in the last two decades but came at a significant environmental cost given the country’s predominantly hot and humid climate. Poor thermal performance, excessive heat gain and dependency on mechanical cooling systems made buildings with glass façades energy guzzlers and significantly increased their carbon footprint.That said, it’s important to be aware that “glass is not the enemy,” points out Heena Bhargava, Architect, Architecture Discipline. “How it is used ma..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?