Online voter register for MLC elections, Graduates Constituency. Here is the link:
https://ceotserms1.telangana.gov.in/MLC/form18.aspx
L&T Shipbuilding Ltd and Reliance Naval and Engineering Ltd (RNAVAL) were the two bidders left in the fray for the tender that has gone through several twists and turns since the RFP was issued in November 2013.
RNAVAL had partnered with Frances Naval Group while L&T had teamed up with Spains Navantia to construct the LPDs. Both were waiting for the outcome after submitting price bids, hoping that an order win would inject life into their order- starved yards at Pipavav in Gujarat and Kattupalli in Tamil Nadu, respectively.
Bankruptcy issue
The final blow to the tender was the decision of a lender earlier this year to drag RNAVAL to a bankruptcy court in Ahmedabad under the Insolvency and Bankruptcy Code to recover unpaid dues, rendering the Anil Ambani outfit ineligible for the contact, similar to what happened to ABG Shipyard Ltd, another qualified bidder, in 2016.
RNAVALs elimination landed the bidding process in a single vendor situation and fell foul of the Defence Procurement Procedures (DPP) and the guidelines of the Central Vigilance Commission (CVC).
Neither L&T nor the Navy responded to e-mails seeking comments. The resolution professional for RNAVAL, appointed by the NCLT to run the yard during the resolution process, could not be reached for comment.
https://www.thehindubusinessline.com/news/navy-scraps-20000-crore-tender-torpedoing-local-shipyards-hopes/article32837494.ece
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Online voter register for MLC elections, Graduates Constituency. Here is the link: https://ceotserms1.telangana.gov.in/MLC/form18.aspx L&T Shipbuilding Ltd and Reliance Naval and Engineering Ltd (RNAVAL) were the two bidders left in the fray for the tender that has gone through several twists and turns since the RFP was issued in November 2013. RNAVAL had partnered with Frances Naval Group while L&T had teamed up with Spains Navantia to construct the LPDs. Both were waiting for the outcome after submitting price bids, hoping that an order win would inject life into their order- starved yards at Pipavav in Gujarat and Kattupalli in Tamil Nadu, respectively. Bankruptcy issue The final blow to the tender was the decision of a lender earlier this year to drag RNAVAL to a bankruptcy court in Ahmedabad under the Insolvency and Bankruptcy Code to recover unpaid dues, rendering the Anil Ambani outfit ineligible for the contact, similar to what happened to ABG Shipyard Ltd, another qualified bidder, in 2016. RNAVALs elimination landed the bidding process in a single vendor situation and fell foul of the Defence Procurement Procedures (DPP) and the guidelines of the Central Vigilance Commission (CVC). Neither L&T nor the Navy responded to e-mails seeking comments. The resolution professional for RNAVAL, appointed by the NCLT to run the yard during the resolution process, could not be reached for comment. https://www.thehindubusinessline.com/news/navy-scraps-20000-crore-tender-torpedoing-local-shipyards-hopes/article32837494.ece
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