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Indian Express
an hour ago
- Business
- Indian Express
L&T yet to respond after Supreme Court hearing over elevated road and tunnel projects: MMRDA officials
Larsen & Toubro (L&T) has not yet replied to a formal request by the Mumbai Metropolitan Region Development Authority requesting the country's largest infrastructure company to provide financial estimates and rationale that it presented in the Supreme Court in a recent case, said MMRDA officials Friday. The email sent on June 10 gave L&T seven working days to respond, but there was no reply as of Friday. 'We are awaiting L&T's reply to our request. Once that is received, we intend to verify the information provided and rework the estimates, with the help of top experts in the field to be aligned with the spirit of transparency and fairness,' an MMRDA official said, requesting anonymity. L&T did not comment when reached out by The Indian Express. L&T had approached the Supreme Court challenging its disqualification for two major infrastructure tenders issued by MMRDA for elevated road and tunnel projects in Mumbai. During hearings in the Supreme Court, L&T claimed it had bid for the underground tunnel between Gaimukh and Fountain Hotel Junction at Rs 6,498 crore, and for the elevated road from Fountain Junction to Bhayander at Rs 5,554 crore. The Supreme Court subsequently rejected the petition as 'infructuous' following MMRDA's decision to cancel and re-tender the two projects. After the court hearing, MMRDA asked L&T for the same documents backing cost claims, such as rate justifications and supporting calculations. An MMRDA official said these figures would enable its Tender Review Committee to assess and, if the need arose, adopt them as benchmarks in re-estimating the project before launching the new bidding process. Officials said that even after publicly announcing the numbers before the Supreme Court, L&T did not respond to MMRDA. 'L&T's quietness has questioned the validity of its court affidavits and its willingness to be cooperative in an open and transparent tender process,' added the official. According to the official, L&T was disqualified by MMRDA for multiple reasons, including its failure to disclose the structural collapse of the Medigadda barrage in Telangana — a project it executed and which was later verified as failed by IIT Bombay and the Telangana Government. Additionally, the company did not submit key documents required as part of the bidding process. As a result, MMRDA declared the bid 'non-responsive,' a decision that was subsequently upheld by both the Bombay High Court and the Supreme Court
Time of India
6 hours ago
- Politics
- Time of India
Hypersonic missiles, next-gen BrahMos, new air defence: DRDO chief reveals long list of India's future-ready weapons
India is advancing a wide range of indigenous defence technologies including hypersonic missiles , long-range air defence systems, and next-generation fighter aircraft, according to Defence Research and Development Organisation (DRDO) Chairman Dr. Samir V. Kamat. In an interview to NDTV, Dr. Kamat outlined DRDO 's current and future projects that aim to enhance India's strategic deterrence and battlefield capabilities across air, land, and sea. BrahMos and its smaller successor A key focus area is the BrahMos missile , co-developed with Russia and currently launched from Su-30MKI fighter jets. To increase deployment flexibility, DRDO is working on BrahMos-NG, a next-generation variant designed to fit into more fighter platforms. BrahMos-NG is lighter and smaller, allowing wider deployment across India's air fleet. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Air conditioners without external unit. (click to see prices) Air Condition | Search Ads Search Now Undo India's hypersonic weapons programme India is also developing two types of hypersonic weapons — a cruise missile and a glide vehicle. The glide vehicle project is at a more advanced stage. Dr. Kamat said, 'We should be able to complete developmental trials in two to three years and then we can go for induction.' For the hypersonic cruise missile, scramjet propulsion has already been successfully tested for 1,000 seconds. Full-scale development awaits government approval. Once cleared, it may take five to seven years to reach operational status. Live Events Air-to-air and air-to-ground missile upgrades DRDO is extending its missile capabilities with new variants of the Astra air-to-air missile. The existing Mk-1 is in service, while Mk-2 and Mk-3 with longer range are under development. Meanwhile, the Rudram series of air-to-ground missiles is being upgraded. Rudram-2, Rudram-3, and Rudram-4 are in different stages of development. Surface-to-air defence and anti-drone technologies Under the Kusha programme, India is developing long-range surface-to-air missiles to match capabilities like the Russian S-400. The system is internally known as 'Sudarshan Chakra'. In parallel, DRDO is also developing directed energy weapons including high-powered lasers and microwave systems to neutralise drones and other aerial threats. Mobile artillery and light tanks India's indigenously developed Advanced Towed Artillery Gun System (ATAGS) is being adapted into a mobile version. Last year, the government approved a proposal for 814 truck-mounted, self-propelled 155mm gun systems costing around ₹15,000 crore. Apart from defence PSUs, private firms like Tata, L&T, Bharat Forge , and Mahindra Defence have been approached for participation. Dr. Kamat also shared details about the light tank project named Zorawar. Built with L&T for high-altitude deployment along the border with China, the 25-tonne tank is expected to see 354 units inducted by the Indian Army. Naval weapons nearing induction For the Indian Navy, DRDO is developing torpedoes, naval mines, and other undersea warfare technologies. Dr. Kamat said many of these systems are 'close to induction,' signalling near-term deployment of several indigenous maritime platforms. Fifth-generation fighter response to China-Pakistan axis Dr. Kamat commented on reports that Pakistan may receive 40 J-35 stealth aircraft from China by next year. India's response is the Advanced Medium Combat Aircraft ( AMCA ), which received formal sanction in 2024. In a previous interview, Dr. Kamat said, 'The AMCA will take 10 years to complete and would be ready by 2035.' According to an Economic Times report, the Indian Air Force is expected to procure six squadrons — around 120 aircraft. Unlike the Tejas programme where HAL led manufacturing, AMCA will follow a new production model. The government has issued an expression of interest to bring in either HAL, a private firm, or a public-private joint venture as the lead production partner. Lessons from recent operations Dr. Kamat stressed the need for future weapons to operate without external support. Citing lessons from Operation Sindoor, he said, 'All weapons must function without GPS or communication,' highlighting DRDO's focus on autonomous systems that can work in electronically denied environments. India's defence strategy is moving towards greater self-reliance and operational flexibility through indigenous technologies. The DRDO's ongoing work across multiple platforms reflects a long-term commitment to building modern, multi-domain defence capabilities.
Time of India
10 hours ago
- Business
- Time of India
L&T Share Price Live Updates: L&T achieves notable three-month returns
20 Jun 2025 | 08:43:36 AM IST Welcome to the L&T Stock Liveblog, your go-to platform for real-time updates and analysis on a top-performing stock. Stay ahead of the market with our in-depth coverage of L&T, including: Last traded price 3621.1, Market capitalization: 497970.83, Volume: 1580819, Price-to-earnings ratio 33.12, Earnings per share 109.35. Get a complete picture of L&T's performance through our comprehensive blend of fundamental and technical indicators. Stay informed about breaking news that can influence the stock's trajectory. Our liveblog equips you with the knowledge and insights needed to make confident investment decisions. Don't miss out on the latest updates as L&T continues to make waves in the market. The data points are updated as on 08:43:36 AM IST, 20 Jun 2025 Show more
Hindustan Times
12 hours ago
- Business
- Hindustan Times
MMRDA to re-tender twin infra projects for Thane-Bhayandar
MUMBAI: Two big ticket infrastructure projects to improve road connectivity between Thane and Mira-Bhayander will soon be re-tendered by the Mumbai Metropolitan Region Development Authority (MMRDA). The development authority on June 10 had sought detailed financial estimates, rate justifications and supporting documents from Larsen & Toubro (L&T) for the projects. L&T's bid for the two projects combined - ₹3,130 crore - was less than the lowest bidder declared by the MMRDA. Hence, the engineering company had moved the Bombay high court as well as the Supreme Court, challenging the decision to award the contracts to Hyderabad-based Megha Engineering & Infrastructure Limited (MEIL). During the hearing of the petition challenging its disqualification in the two high-value tenders, L&T had asserted before the Supreme Court that it had quoted ₹6,498 crore for the Gaimukh to Fountain Hotel Junction Twin Tunnel and ₹5,554 crore for the Fountain Junction to Bhayander Elevated Road. 'We gave L&T seven working days to respond, a deadline that has now passed. As of June 19, no reply has been received. This silence raises questions about the seriousness of L&T's courtroom claims,' shared an MMRDA official. 'When a firm makes financial claims in the Supreme Court, it has the responsibility to back those up. Especially when it involves public money and a government agency formally requests it for details.' The apex court dismissed L&T's petition as 'infructuous' after MMRDA voluntarily chose to cancel and re-tender the projects. MEIL had submitted quotes of ₹9,019 crore for the elevated road and ₹6,163 crore for the tunnel project, a total sum of ₹15,182 crore as against ₹12,052 crore by L&T. 'With the tender process set to restart now and the bids legally sealed under tendering rules, MMRDA has asked L&T to share the estimates it had openly mentioned in court (even though it has been disqualified). The intent is to allow the MMRDA's Tender Review Committee, which has members from IIT and finance backgrounds, to objectively assess if L&T's figures can serve as benchmarks for more competitive base rates,' said the official. An email sent by HT to L&T for a comment on this development did not elicit any response.
Time of India
19 hours ago
- Business
- Time of India
L&T yet to respond on cost details of 2 projects
Mumbai: Larsen & Toubro (L&T) is yet to respond to a formal request from the Mumbai Metropolitan Region Development Authority (MMRDA) seeking cost estimates it voluntarily disclosed in the Supreme Court (SC)for two key infrastructure projects: the Gaimukh–Fountain Hotel underground tunnel and the Fountain Junction–Bhayander elevated road. On June 10, MMRDA emailed L&T, asking for detailed cost estimates, rate justifications, and supporting documents cited during court hearings related to its disqualification from the tenders. The agency gave the firm seven working days to respond, but no reply was received as of June 19. "We are awaiting L&T's reply... Once that's received, we intend to verify the information provided and rework the estimates with the aid of top experts so as to be aligned with the spirit of transparency and fairness," said an MMRDA official. In court, L&T said it quoted Rs 6,498 crore for the tunnel and Rs 5,554 crore for the elevated road — totalling nearly Rs 12,000 crore. Megha Engineering India Ltd (MEIL), the lowest bidder, quoted Rs 14,000 crore. SC dismissed the matter as infructuous after MMRDA opted to retender the project, after a query from the bench about L&T's claim of a significantly lower quote. "When financial figures are shared in court, it's fair to expect supporting documentation if formally requested by a public authority," said a senior MMRDA official. — Manthan Mehta
