navayuga engineering company limited]
UPDATED ON SEP 23, 2019 09:55 PM IST
Megha Engineering is currently executing the Rs 80,000 crore Kaleshwaram lift irrigation project on Godavari River in Telangana.
UPDATED ON AUG 24, 2019 06:32 PM IST
The Polavaram Project Authority (PPA), a wing of the Union ministry of water resources, in its report submitted to the Centre on Friday, asserted that the decision of the state government to terminate the contract of present firm Navayuga Engineering Company Limited (NECL) and go in for fresh tenders will result in huge expenditure, rather than bringing down the project cost.
UPDATED ON AUG 20, 2019 08:03 PM IST
Navayuga claimed it did not violate any norm and that the sudden pre-closure of tenders without showing any valid reason would not only cause huge financial loss to the company, but also damage its reputation across the country.
UPDATED ON AUG 15, 2019 07:15 PM IST
The YSRC government had earlier terminated the contract given to Navayuga, following a recommendation made by an eight-member expert committee constituted on June 14, to examine the processes followed by the previous TDP government in tendering, launching and executing work for the Polavaram project.
UPDATED ON AUG 02, 2019 01:52 AM IST
The YSR Congress party government has decided to go in for fresh tenders to complete the remaining work on the recommendation of an eight-member committee set up on June 14 to examine the processes followed by the TDP for tendering, launching and executing engineering work.
UPDATED ON AUG 01, 2019 08:51 PM IST
The committee, which submitted a 43-page report to the government on July 23, pointed out gross violations of tender norms under Engineering, Procurement and Construction (EPC) contracts inked for Polavaram project.