YSRCP MP's Bengal project faltered; group gave TMC Rs 460 mn in poll bonds
ECONOMY & POLICY

YSRCP MP's Bengal project faltered; group gave TMC Rs 460 mn in poll bonds

Alla Ayodhya Rami Reddy, a YSRCP MP and businessman, was reported to have had two Hyderabad companies under his ownership. According to information shared on Facebook, these companies donated a total of Rs 460 million in electoral bonds to the ruling TMC in West Bengal in 2022. This action occurred during a period of turmoil in a $30-million water treatment project being executed in Kolkata for the state government by another company belonging to Reddy.

Data released by the Election Commission indicated that Reddy's companies, namely Chennai Green Woods and Madhya Pradesh Waste Management, contributed Rs 40 crore and Rs 60 million, respectively, to the TMC in January 2022. It was noted that this was the sole instance of donation to the TMC by the two companies. Records further revealed that Madhya Pradesh Waste Management also procured Rs 2.5 million worth of electoral bonds for the BJP in May 2019.

Separately, Chennai Green Woods made contributions of Rs 500 million to the BRS in April 2022 and Rs 150 million to the Congress in October 2023. The project in Kolkata under scrutiny was described as the "Design, construction, operation  maintenance of 22 MGD water treatment plant (WTP), reservoir, transmission mains and pumping stations" in New Town. The contract, initially valued at $30.38 million, was awarded in 2018-19 by the West Bengal Public Health Engineering Department (WBPHED), as part of a project supported by the Asian Development Bank. The contract was awarded to a joint venture between Reddy's Hyderabad-based Ramky Infrastructure and Mumbai-headquartered Furnace Fabrica India (FFIL).

Alla Ayodhya Rami Reddy, a YSRCP MP and businessman, was reported to have had two Hyderabad companies under his ownership. According to information shared on Facebook, these companies donated a total of Rs 460 million in electoral bonds to the ruling TMC in West Bengal in 2022. This action occurred during a period of turmoil in a $30-million water treatment project being executed in Kolkata for the state government by another company belonging to Reddy. Data released by the Election Commission indicated that Reddy's companies, namely Chennai Green Woods and Madhya Pradesh Waste Management, contributed Rs 40 crore and Rs 60 million, respectively, to the TMC in January 2022. It was noted that this was the sole instance of donation to the TMC by the two companies. Records further revealed that Madhya Pradesh Waste Management also procured Rs 2.5 million worth of electoral bonds for the BJP in May 2019. Separately, Chennai Green Woods made contributions of Rs 500 million to the BRS in April 2022 and Rs 150 million to the Congress in October 2023. The project in Kolkata under scrutiny was described as the Design, construction, operation  maintenance of 22 MGD water treatment plant (WTP), reservoir, transmission mains and pumping stations in New Town. The contract, initially valued at $30.38 million, was awarded in 2018-19 by the West Bengal Public Health Engineering Department (WBPHED), as part of a project supported by the Asian Development Bank. The contract was awarded to a joint venture between Reddy's Hyderabad-based Ramky Infrastructure and Mumbai-headquartered Furnace Fabrica India (FFIL).

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code