Archive · 2 Jun 2025
MMRDA Scraps ₹14,000 Crore Tender Process After L&T Disqualification
A big construction company called Larsen & Toubro (L&T) was disqualified from some road projects in Mumbai.
The government said it was for good reasons.
L&T was confused because they weren't told why, and no one even opened their price bid.
The Mumbai Metropolitan Region Development Authority (MMRDA), which is in charge of the projects, decided to cancel the whole thing after the Supreme Court got involved.
They scrapped a ₹14,000 crore tender, including an elevated road and tunnel.
This means L&T won't be doing these projects, but it also gives them another chance later.
L&T shares rose slightly after the news.
MMRDA scrapped a ₹14,000 crore tender process after L&T's disqualification.
The Maharashtra government stated L&T's disqualification was not on flimsy grounds.
L&T raised concerns about lack of communication and transparency.
The Supreme Court raised concerns about L&T's disqualification.
L&T shares increased after the announcement.
- Who
- Larsen & Toubro (L&T), Mumbai Metropolitan Region Development Authority (MMRDA), and the Maharashtra government
- What
- MMRDA scrapped a ₹14,000 crore tender process where L&T was disqualified for two infrastructure projects, including an elevated road project and a road tunnel project
- When
- The Maharashtra government submitted on Thursday, May 29, and the MMRDA scrapped the tender on Friday, May 30
- Where
- Mumbai, India
- Why
- MMRDA scrapped the tender after the Supreme Court raised concerns about L&T's disqualification; L&T raised concerns about lack of communication and transparency
Larsen & Toubro (L&T)
Maharashtra Government
Disqualification Grounds
Larsen & Toubro (L&T)
L&T claimed its disqualification was not communicated and the price bid was not opened, which led to a lack of transparency.
Maharashtra Government
L&T's disqualification was not on flimsy grounds, according to the Maharashtra government.
- Tender Value
- ₹14,000 crore
- Elevated Road Project Value
- ₹6,000 crore
- Road Tunnel Project Value
- ₹8,000 crore
- MMRDA Decision Date
- May 30
- L&T Stock Price
- ₹3,671.4
- L&T Stock Increase
- 0.43%
- L&T Stock Gain (Past Month)
- 9.9%
