Lanco Infratech, GVK to bid anew for Hyderabad Metro

Lanco Infratech, GVK to bid anew for Hyderabad Metro
Comment E-mail Print Share
First Published: Sat, Jul 18 2009. 12 07 AM IST
Updated: Sat, Jul 18 2009. 12 07 AM IST
Hyderabad: Lanco Infratech Ltd and the diversified GVK Group have confirmed they will participate in the fresh bidding for the Rs12,132-crore Hyderabad rail project.
The Andhra Pradesh government on Thursday issued a new notification inviting bidders for the project, a week after it scrapped the contract awarded to a Maytas Infra Ltd-led consortium. It proposes to finalize the winning bidder by 15 November.
Hyderabad-based Lanco had not participated in the earlier bid. “Lanco is interested in bidding for the project this time and is currently discussing with prospective partners to form a consortium,” managing director G. Venkatesh Babu said over phone on Friday.
The GVK-led consortium—which included Gammon India Ltd, Infrastructure Development Finance Co. Ltd and France’s Alstom SA—was one of five short listed bidders earlier, but had pulled out before the financial bidding stage, saying the project was unviable.
The group now may bring in new partners for the project. “We may look at and join hands with new partners if it is required to meet the qualification norms,” chairman G.V. Krishna Reddy said late on Thursday. “We are open to adding more partners to our consortium to bid for the Hyderabad Metro rail project.”
Reliance Infrastructure Ltd, which led a consortium that included Canada’s Bombardier Inc. in the earlier bid, is likely to participate this time as well.
“We will be bidding for the Hyderabad Metro rail project once the AP (Andhra Pradesh) government invites fresh global bids for the project,” a company spokesman had said last week without adding details. He didn’t want to be named.
Nagarjuna Construction Co. Ltd, another of the short listed firms earlier, is yet to take a decision on bidding for the project this time. “The existing consortium members will meet and discuss the issue and take a final decision,” said P.M. Murari, the firm’s spokesman.
Essar Constructions Ltd, short listed in the earlier round, said it is evaluating its options for bidding again for the Hyderabad Metro project.
c.sukumar@livemint.com
Comment E-mail Print Share
First Published: Sat, Jul 18 2009. 12 07 AM IST
More Topics: Tags: Metro rail | Hyderabad | Mytas | GVK | Lanco |