The Megha Engineering & Infrastructure Ltd was named the 'lowest bidder' in the Mumbai Elevated Road Project and the Road Tunnel Project. The firm, valued at Rs 67,500 crore, has been a prominent purchaser of electoral bonds. https://thewire.in/political-economy/supreme-court-electoral-bonds-mmrda-megha-engineering
The Supreme Court has issued a stern directive to the Mumbai Metropolitan Region Development Authority (MMRDA), suggesting it re-tender two major infrastructure projects collectively worth approximately Rs 14,000 crore, or face a stay on the current process.
The warning on May 26 came during a hearing on appeals by Larsen & Toubro (L&T) Ltd, which contested its technical disqualification from the bidding for the Mumbai Elevated Road Project and the Road Tunnel Project, where Hyderabad-based Megha Engineering & Infrastructure Ltd (MEIL) emerged as the lowest (L1) bidder.
by Pavan Korada
28/05/2025