News Detail

<p style="text-align: justify;"><strong><span style="font-size:14px"><span style="font-family:calibri">News:</span></span></strong></p> <p style="text-align: justify;"><span style="font-size:14px"><span style="font-family:calibri">The Rs 2,596-crore &lsquo;common transmission system&rsquo; for power generation projects in Odisha saw three out of six qualified companies pull out of the bidding. This is among the eight key power transmission projects to be tendered during FY16.<br /> <span style="font-size:10px">Source: Business Standard</span></span></span></p> <p style="text-align: justify;"><strong><span style="font-size:14px"><span style="font-family:calibri">SNP Insight:</span></span></strong></p> <p style="text-align: justify;"><span style="font-size:14px"><span style="font-family:calibri">Pulling out of the bidding process even after qualifying the norms seem to be major concern for raising the fund for future project of around INR 1000 Billion and chances of forming monopoly. The likely reason for backing out is non level playing field as PGCIL being CTU garner undue advantages over private players due to which only big private companies with strong balance sheet can compete to it.<br /> <span style="font-size:10px">Source: SNP Infra Research</span></span></span></p>