Hyderabad: GVK and GMR groups have pulled out of the Rs 12,132 crore Hyderabad Metro Rail project. Reliance is expected to follow suit shortly.They kept away from the meeting called by the principal secretary (municipal administration), Mr T.S. Appa Rao, on Saturday to discuss the project while five consortia representatives attended it.
“Reliance, GVK and GMR groups did not turn up,” Mr Appa Rao told this newspaper. Reliance sent a junior executive who told government officials that he was there only to observe the meeting only and was not authorised to make decisions.
“He said he will come back on Monday after talking to the management,” said Mr Appa Rao. Meanwhile, the representatives who attended the meeting requested three more months to submit their financial bids. The government agreed to give six weeks extension and allowed companies to submit their bids till June 7.
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