HC quashes govt order awarding contract to Maytas Infra

No due tendering in Rs.121 crore road construction contract

PTI | March 5, 2010



The Andhra Pradesh High Court on Friday quashed a government order awarding a road construction contract worth Rs.121 crore to Maytas Infra.

The bench comprising Justices G Raghurama and Ramesh Ranganathan gave the order on a petition filed by Narayana Reddy, Gobannapet village head, alleging that the contract was awarded to Maytas Infra on nomination basis ignoring the tendering process, causing enormous loss to the exchequer.

The State Transport, Roads and Buildings Department had awarded a contract for construction of 30-Km-long road from Sugamanchipalli village to Mangapatnam village in Kadapa, home district of former chief minster YS Rajasekhara Reddy, on December 23, 2008.

The court while setting aside the GO, ordered the government to follow due tendering process to award the contract.

The state government while arguing the case said it had to award the contract on nomination basis as the tendering process involved delay.

The bench had issued a stay order against the company not to take up any works related to the contract on February 13 last year.

The company scrip today closed at Rs 187.45., down Rs 1.75 against previous close. The IL&FS-owned Maytas Infra (MIL) was earlier promoted by disgraced Satyam founder Ramalinga Raju.

Comments

 

Other News

Here’s an I.D.E.A. for career growth and success

Success in today’s professional organisation is no longer solely determined by academic qualifications, technical expertise or years of experience. While these attributes do matter, organisations increasingly value individuals who demonstrate the right mindset and behavioural qualities. The ability

PM interacts with CEOs, founders of space startups

Prime minister Narendra Modi interacted with CEOs and Founders of 20 Space Startups at Seva Teerth on Friday.   CEOs of leading companies in the space sector working in diverse fields ranging from building rockets and reusable semi-cryogenic launch vehicles, avionics, satelli

From one cow to a dairy business

In 2012, Anita Dash wasn`t dreaming of building a dairy brand. She wasn`t studying business models or planning market expansion. Like countless mothers across India, her focus was on something much simpler: giving her children a better future.   At the time, her most valuable

Ethanol blending: The two sides of a story

India`s crude oil consumption is estimated to be around 88.5% imported from abroad. This one single figure is also responsible for why ethanol has become both an economic strategy and fuel policy at the same time. In an economy like India, which depends so heavily on foreign oil, any increase in internat

Food inflation: Not a macroeconomic statistic but a developmental indicator

India`s retail inflation shows a reassuring picture at first glance. According to the latest data, Consumer Price Index (CPI) inflation edged up to 4.38% in June 2026 from 3.93% in May 2026, but continued to remain within the Reserve Bank of India`s (RBI) target band of 4% (+/- 2%). However, beneath this

Skin in the game or masterful market timing?

When a company founder opens their personal chequebook to buy shares in their own business, stock markets usually applaud. To the average retail investor, it feels like the ultimate vote of confidence, a sign that the people running the show have real skin in the game and believe brighter days are ahead.

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter