Megha Engg purchased electoral bonds price Rs 140 crore month earlier than getting building venture in Maharashtra

MEIL, headquartered in Hyderabad, acquired electoral bonds price Rs 140 crore on April 11, 2023, only a month previous to securing the tender for the Rs 14,400-crore Thane-Borivali twin tunnel venture, in keeping with ECI information launched on Thursday.

The info, Indian categorical reported, revealed that MEIL, established in 1989, emerged as one of many high purchasers of electoral bonds, with a complete funding of Rs 821 crore.

The Mumbai Metropolitan Regional Growth Authority (MMRDA) issued the tender for the venture, involving the development of two highway tunnels beneath the Sanjay Gandhi Nationwide Park, in January of that 12 months.

MEIL was the only bidder whose technical proposal met the necessities.

L&T contested the rejection of its technical bid by means of two petitions: one regarding package deal 1, encompassing the development of 5.75 km of the tunnel on the Borivali facet, and the opposite relating to package deal 2, involving the development of 6.09 km of the tunnel on the Thane facet.

Regardless of being a profitable bidder, L&T’s bid for package deal 2 was dismissed by the authorities.

In response, the MMRDA argued in courtroom that L&T’s request to rectify its error after the monetary bid was opened contravened norms and sought the dismissal of each petitions.