Polavaram contract: Rayapati’s firm may lose to Megha Reddy

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Andhra Pradesh Chief Minister Chandrababu Naidu reportedly issued notices to the Polavaram project executing agency Transstroy India Limited under Section 60C of the Engineering Procurement and Construct Contract (EPC). Through this section, the contract can be terminated and there will not be any legal issues if the project is assigned to a new firm.

Sepculations are rife that the TDP MP Rayapati Sambasiva Rao’s family-owned Transstroy India Limited, volunteered to step aside. The project will be reportedly given to Megha Engineering & Infrastructures Ltd which has completed several projects like Pattiseema, Handri Neva Sujala Sravanthi, Purushottapatnam and recently Muchumarri lift irrigation in Andhra Pradesh.

Trans stroy could achieve only 27% of the target as per the records of the State government. The executing agency may be permitted to do a certain percentage of the work while the remaining will be given to MEIL. The government is allegedly in conversation with both the companies.

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