India, June 20 -- Two big ticket infrastructure projects to improve road connectivity between Thane and Mira-Bhayander will soon be re-tendered by the Mumbai Metropolitan Region Development Authority (MMRDA). The development authority on June 10 had sought detailed financial estimates, rate justifications and supporting documents from Larsen & Toubro (L&T) for the projects.
L&T's bid for the two projects combined - Rs.3,130 crore - was less than the lowest bidder declared by the MMRDA. Hence, the engineering company had moved the Bombay high court as well as the Supreme Court, challenging the decision to award the contracts to Hyderabad-based Megha Engineering & Infrastructure Limited (MEIL).
During the hearing of the petition challengi...
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