Business Standard
Wednesday, May 30, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Panel seeks black-listing L&T, Siemens; Infy's Murthy not spared
Press Trust of India / Bangalore Dec 21, 2009, 17:20 IST

A Karnataka house panel has recommended black-listing of infrastructure majors L&T, Siemens and Unique Zurich Airport for a minimum of five years for "poor quality of workmanship" at the Bangalore International Airport (BIAL).

A joint house committee of the Karnataka Assembly has also recommended "appropriate action" against those, including Infosys mentor N R Narayana Murthy, involved in the decision making process.

The report, tabled in the Assembly today, cited 'poor quality' of workmanship, trading shares for profit without showing an "iota of concern" for general public, entrusting all airport works among private players in Bengaluru International Airport (BIAL) for its recommendations.

It slammed "total apathy" towards users' needs and said the project partners, L&T, Siemens and Zurich, should not be considered for any work by both the government or its agencies for at least five years.

The committee said the decisions at each stage (right from project approval to construction) were not in accordance with the expectation of a world-class airport, and the present state of affairs is an outcome of such decisions.

Giving a list of officers involved in important decisions for initiating "appropriate action", it mentioned Infosys Chief Mentor Narayana Murthy, who was BIAL Chairman till 2005 and Rajiv Chandrasekhar, Chairman and CEO, BPL Innovations Business Group as also officials of the civil aviation ministry, Airport Authority of India and state agencies.

The Committee was set up to examine the lapses and suggest measures for improving the airport, which became operational in May last year, to international standards.

The report noted that in October this year, a promoter, the Unique (Flughafen Zurich AG) Zurich Airport, Switzerland, made a huge profit by off-loading 12 per cent (Rs 46.15 crore) of its 17 per cent (Rs 65.38 crore) stake at a over Rs 484.60 crore.

"The private promoter walked away with an over 1050 per cent return in just four years. This indicated that the private players have set their eyes on huge multiplication of their investment and have cut many corners for the sake of short-term profit," the report said.

The 21-member Committee, headed by D Hemachandra Sagar, was formed in September last year after several members alleged that the infrastructure created at the airport did not match international standards. Congress MLA D K Shivakumar alleged that BIA lacked very basic facilities.

The panel recommended that the airport be named immediately as "Kempegowda International Airport" after the name of the person who built Bengaluru.

Pointing out that the closure of HAL airport here (after the opening of BIA) negated the healthy competition and created private monopoly, it said the government should take necessary action to open the HAL airport.

It said the government of India should withdraw the order permitting BIAL to impose a user development fee (UDF) of Rs 260 on passengers as BIAL has failed to provide adequate facilities of international standard to the users.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end lower ahead of May F&O expiry
- Parsvnath posts Rs 23 cr loss in Q4
- Educomp net down 57% at Rs 61 cr in Jan-Mar qtr
- DLF Q4 net plunges 39% to Rs 211 cr
- Provogue Q4 net profit down 71% at Rs 1.81 cr
  Read Business news in 
- India's no. 1 Property Site. Click here to know more
- Journey on, We are by Your Side. Click here to know more
- Help a Child Achieve her. Click to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- Learn How One City is Running on FOOD SCRAPS.
- 1 billion in saving for Unilever without any tangles.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
- 2 Lac Apartments, 1 Lac House / Plots. Click here
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Striking Air India pilots have no rights to be trained: HC
- SBI to rework structure in circles
- KBC 6 gets record registrations
- UPDATE: NDA calls for Bharat Bandh on May 31
- Foreign investor norms eased to accelerate capital inflows
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us