Business Standard
Friday, Feb 17, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

SC dismisses Kerala, Lanco appeal on Vizhinjam
BS Reporter / New Delhi Feb 10, 2009, 12:11 IST

The Supreme Court today dismissed the appeals of the Kerala government and a consortium led by Hyderabad-based Lanco Kondapalli Power Ltd challenging the tenders for the Rs 6,000 crore Vizhinjam port in Kerala.

The Supreme Court upheld the Kerala high court order to include Mumbai-based Zoom Developers Pvt Ltd also in the consortiums bidding for the project and proceed with the tender process within 15 days. The government’s plea for more time was rejected.

 Click here for Cloud Computing
 
The Kerala High Court had suspended all tender activities related to the Vizhinjam International Seaport Ltd, the nodal agency for developing a modern, all-weather deepwater seaport and container trans-shipment hub near Thiruvananthapuram.

The high court had objected to the state government's decision to approve the tender submitted by Lanco-led consortium. It had also asked the government to reconsider the bid of Zoom Developers.

A bench consisting of Justice Arijit Pasayat and Justice S H Kapadia upheld the high court order  which had approved of Zoom’s qualifications and allowed the opening of the technical and financial bids.

The evaluation committee had earlier rejected Zoom’s bid, citing violation of the conditions in the tender documents. Zoom then challenged the disqualification and the state government's decision to award the contract to Lanco.
    
The consortium that gets the project can run the port for 30 years and then hand it over to the government. Besides Lanco and Zoom, the other bidders were Videocon Industries, Nagarjuna Construction and Apollo Enterprises.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Wall Street opens flat as data offsets Moody's warning
- Thomas Cook India Q4 net jumps three times
- Govt plans to make 30% sourcing from MSEs mandatory
- Explain ways to cover govt loss on 3G roaming: TDSAT to telcos
- Magma Fincorp plans to start gold finance biz in H1 of FY13
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Medium-sized businesses are the engines of a smarter planet.
- Save over Rs.3000 with IndianOil Citibank Card
- We live for our family. have you secured them?
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Get 5% cashback on telephone bills with Citi
- Enjoy the journey as much as the destination. click to know more..
- 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.
- Office 365 for professionals and small businesses.
- 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...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Asian stocks fall as Greek bailout delay dampens mood
- Marico: Stepping into unchartered territory
- Sonalde Desai: Sons of the soil
- Shyamal Majumdar: Beating about the boardroom
- A crown of thorns awaits winners of BMC polls
 
 More  
BUSINESS STANDARD INDIA 2012
  Now available at Special price
  Rs.395/- Only
  Buy Now
  Now available on the Kindle Store...
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
 
  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
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us