India’s Top Court Quashes Ansaldo Venture Bid for NTPC Contract
The Delhi High Court’s “order to allow Ansaldo to bid for the tender is quashed,” Altamas Kabir, one of two judges on the panel that heard the case, said in the Supreme Court in New Delhi today.
State-owned NTPC (NTPC) sought bids for equipment valued at 110 billion rupees ($2.4 billion) for the expansion of its power plants and rejected Ansaldo Caldaie’s bid because it wasn’t a qualified manufacturer. Ansaldo Caldaie, a venture between Gammon India Ltd. (GMON), an Indian construction company, and Italy’s Ansaldo Caldaie SpA, contested the decision.
“The tender document did not contain provision for acquiring equipment from a third party,” Kabir said while reading out the judgment in the courtroom. The bidding process will continue, he said.
The lower court ordered NTPC in March last year to allow Ansaldo Caldaie to proceed to the next stage of price bids and participate in the technical discussions.
NTPC is ordering 11 units of steam generators of 660 megawatts each for projects at Mouda, Solapur, Nabinagar, Meja and Raghunathpur.