SP Group withdraws allegations of irregularities in Parliament building bidding process

19 Oct 2020 Editorial Team

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.

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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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.

Real Estate

14 Jul 2026

Paradigm Realty secures Rs 1 billion for Chembur project

Paradigm Realty Group has secured Rs 1 billion in funding from Arnya RealEstates Fund for its flagship residential project, 71 Midtown, in Chembur, Mumbai.The institutional investment will be used to support the completion of Phases 1 and 2 of the development, with the financing aligned to the project's construction and delivery schedule.Spread across approximately 4.5 acres, the gated residential community comprises one- and two-bedroom apartments. Located near Sindhi Society in Chembur, the project offers connectivity to the Bandra Kurla Complex (BKC) and is expected to benefit from infrastr..

Real Estate

14 Jul 2026

PCPL delivers 1.4 million sq ft, eyes 2.1 million sq ft pipeline

Pranav Constructions (PCPL) has delivered more than 1.4 million sq ft of redeveloped residential space across Mumbai as of March 2026, while outlining a future pipeline exceeding 2.1 million sq ft across key redevelopment markets.Over the past decade, the Mumbai-based developer has completed 28 redevelopment projects, benefiting more than 2,450 families across the city's western suburbs, including Borivali, Kandivali, Malad and Goregaon. Since 2023, the company has expanded into neighbourhoods such as Santacruz, Bandra, Andheri and Vile Parle, while also entering heritage precincts including M..

Products

14 Jul 2026

Shalimar Paints launches premium Xtra Tough Hi-Sheen

Shalimar Paints has expanded its premium product portfolio with the launch of Xtra Tough Hi-Sheen, a new exterior emulsion developed to provide enhanced weather protection and a high-sheen finish for residential buildings.The company said the product is designed to address growing consumer demand for exterior coatings that combine aesthetics with long-term durability. Suitable for both new construction and renovation projects, the emulsion is formulated to withstand varied climatic conditions, including heat, rain, humidity and pollution.Xtra Tough Hi-Sheen features a dust-repellent coating in..