Megha Engg sole bidder in Polavaram work re-tender, quotes 12.6 per cent lower

Megha Engineering and Infrastructures Ltd’s proposal is 12.6 per cent lower than the earlier contract awarded for execution of the hydel power plant and main concrete works of the mega Polavaram irrigation project in Andhra Pradesh.

In the reverse tendering initiative of the AP government, MEIL’s bid of Rs 4,358 crore is Rs 628 crore lower lower than the Rs 4,987-crore contract awarded earlier. This was cancelled by the AP govenment after Y.S. Jagan Mohan Reddy took office as Chief Minister of AP, after a resounding victory earlier this year.

MEIL was the only company to bid in the re-tender invited by AP, for works worth Rs 4,987 crore, .

Megha Engineering will begin work on the project as soon as the court permits it to do so.