The Delhi High Court Tuesday declined the plea of Larsen and Toubro Power to stay the bidding by state-owned National Thermal Power Corporation for the Rs.25,000 crore power equipment tender.<\/p>\n
\u201cWe are not inclined to pass any interim relief in favour of L&T,\u201d the court said while refusing to intervene in the bidding process. The company had dragged the NTPC to the court after it disqualified L&T Power\u2019s bid in the Rs.25,000 crore bulk tender, citing technical irregularities.<\/p>\n
The NTPC had issued tender for bulk ordering of supercritical power equipment for 7,200 MW projects, with a pre-condition that the bidder should have manufacturing facility in India in order to promote domestic companies.<\/p>\n
The firm was disqualified by the NTPC for supplying boilers and turbines on the ground that the technology collaboration agreement for equipments was between its parent company (L&T) and Mitsubishi Industries Ltd, and not directly with L&T Power itself.<\/p>\n
The NTPC said it had to scrap the tender and call for fresh bids after L&T Power\u2019s disqualification because the Bharat Heavy Electricals Limited (BHEL) was the sole bidder left for the project.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Delhi High Court Tuesday declined the plea of Larsen and Toubro Power to stay the bidding by state-owned National Thermal Power Corporation for the Rs.25,000 crore power equipment tender. \u201cWe are not inclined to pass any interim relief in favour of L&T,\u201d the court said while refusing to intervene in the bidding process. The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[1151,146,1147,1148,205,1150,1149],"class_list":["post-6748","post","type-post","status-publish","format-standard","hentry","category-top-law-news","tag-bidding","tag-court","tag-declines","tag-larsen","tag-plea","tag-stay","tag-toubro"],"yoast_head":"\n