Maharashtra scraps Maytas contracts link | business | Hindustan Times
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Maharashtra scraps Maytas contracts link

business Updated: Jan 21, 2009 22:18 IST
Dharmendra Jore

The Maharashtra Government has withdrawn a Rs 480 crore work contract that its power company had awarded to Maytas Infrastructure.

Chief Minister Ashok Chavan said the Cabinet took a decision in this regard on Wednesday. "We asked Maharashtra State Electricity Distribution Company (MSEDC) to withdraw the contract given Maytas immediately and award it to some other competent company," he said.

Hindustan Times had reported that MSEDC would assess work progress by Maytas Infra. Maytas had won bidding last September for constructing power sub-stations and transmission lines in Ahmednagar division (rural and urban, Rs 265.90 crore) and Beed-Nanded division (Rs 214.76 crore).

A source in MSEDC said the award was likely to go to the bidder who had finished second to Maytas. "Or we may start the tendering process afresh," said a senior official who did not wish to be named for protocol reasons.