+
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.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code