Friday, June 13, 2014

Reliance Infra: A national headache that ought to be blacklisted for any future infra projects. Just check the track record:

1. Delhi airport metro: The only Delhi metro project to be awarded to a private player, the only Delhi metro project that overran cost and construction time lines, the only one which is under performing in terms of passenger and revenue numbers and also subsequently abandoned by Reliance and dumped on a profit making Delhi metro as a liability!

2. BSES Delhi: Everyone must be familiar with AAP's allegations of massive corruption and account book cooking (with instances of buying overpriced equipment from sister concerns of Reliance) to show losses. On top of that their shoddy maintenance of distribution equipment has now led to crippling all night power cuts in Delhi. Moreover numerous other allegations of tampered overcharging meters.

3. Mumbai Metro: Again overshot all time and cost targets by a wide margin. Insisting on highly jacked up fares for Phase 1. Phase 2 which was supposed to begin in 2011 yet to start.

4. Hiring: I am personally acquainted with an instance where they came hiring in IIT Roorkee and were subsequently blacklisted for failing to honour their commitment (refusing to hire their recruited candidates)

5. Power projects at Dadri: Yet to begin construction even after land has been acquired and handed over. This at a time when North India especially UP is suffering from crippling outages.

6. Worli Haji Ali Sea Link: Scrapped by government after Reliance did not begin construction even two years after getting the contract

Written with a splitting headache caused by an all night unscheduled power cut of BSES Yamuna.

No comments:

Post a Comment