Reliance shocked over airport bid outcome

Anil Ambani's Reliance Airport Developers lost Delhi airport project to rival GMR despite emerging as the top financial bidder.

Losing Delhi airport project to rival GMR-Fraport consortium despite emerging as the top financial bidder, Anil Ambani's Reliance Airport Developers on Tuesday lashed out at the bid process, saying changes in tender conditions hours before the final decision were 'untenable'.

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Immediately after the financial bids for the Rs 5,400 crore airport modernisation projects at Delhi and Mumbai were opened, a Reliance spokesperson said, "To our utter shock and surprise, substantial changes to the published tender conditions have been telephonically communicated, in strange circumstances, barely two hours before opening of financial bids.

"We are advised these changes are a complete departure from the tender conditions and are untenable," he said in a statement.