Even after Gammon India has been held responsible for more than one mishap on Delhi’s Metro Rail construction, the company has been allowed to bid for the proposed Gurgaon metro, a private-consortium funded project.

But winning the bid will not be easy for the company. “We have allowed all the companies to bid for our project and so can Gammon,” said Sanjiv Rai, managing director and chief executive officer, Itnl Enso Rail Systems Ltd (IERS), which is building the Gurgaon metro project.

Click here for Cloud Computing

Also Read   Related Stories News Now - DMRC issues show-cause notice to contractor - Gammon India rebounds, up 10% - Cracks spotted on pillars of metro tracks connecting Noida - HC issues notice to Gammon India in Delhi Metro mishap case - Probe panel holds Gammon responsible for mishap - Gammon responsible for metro mishap: probe panel

Also Read   Related Stories News Now - Weekly: Uptrend continues, broader markets outperform - CBI begins in-house probe into AI's pay-off scam - British bankers arrested in tax probe - DLF net debt falls, to raise Rs 6,000 cr by FY13-end - Oil India Q3 net up 12% at Rs 1,014 cr More

Property developers DLF are a major stakeholder in the project, and an official said they’d keep in mind DMRC’s decision on Gammon.

DMRC had sent a showcause notice to Gammon asking why the company should not be banned after an accident in the Zamrudpur area of south Delhi. An under-construction stretch fell, killing six people on July 12. Gammon has not yet replied.

DMRC Managing Director E Sreedharan said it was not practical to ban the company from existing projects, as that could mean a lot of delay. Gammon is working on five major metro projects worth Rs 300 crore, of which about 70 per cent of the work has been completed. And there are very few contractors with the required expertise.

Bidding for the Gurgaon metro started in August and the process will take till October. The project is set to begin by January 2010 and the deadline for completion is mid-2012.

The Gurgaon metro will cost around Rs 1,000 crore and is a privately financed metro rail project in partnership with infrastructure financing company IL&FS, and DLF. DLF will hold 26 per cent in the project and the rest will be held by IL&FS. A special purpose vehicle would raise Rs 700 crore within the next six months.

The metro route, having six stations, would connect with the Delhi metro station at Sikandarpur and would act as a feeder to the Central Secretariat-Gurgaon line of DMRC.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Weekly: Uptrend continues, broader markets outperform - CBI begins in-house probe into AI's pay-off scam - British bankers arrested in tax probe - DLF net debt falls, to raise Rs 6,000 cr by FY13-end - Oil India Q3 net up 12% at Rs 1,014 cr

Tags : Gammon India | Delhi?s Metro Rail construction | E Sreedharan   Read Business news in  Advertisements -  Now property search gets more exciting than ever before! -  Office 365 for professionals and small businesses. -  Are You Serious About Your Future? Click here to know more -  Financial Learning now made easier and more convenient. -  Earn fuel worth Rs.2400 with Citi -  India's No. 1 Property Site. Click here to know more.. -  Get 5% cashback on telephone bills with Citi -  Exim Bank Conclave on India - Africa Project Partnership. Know more.. -  Be part of it The World's Largest Aircraft. -  Creating Wealth made simple the SIP way. Know more.. -  Only Developer to give a guarantee on time space & rate. -  Buy Your Property with Our Triple Guarantee in India. -  Improve Patient Care & Experience. Click here to know more -  Win a Business Class Ticket to Europe..Know more.. -   Introduce a New Automotive Luxury Car.. know more -  Health is Wealth..... Insurance + Savings... Know More...