Technip denies wrong-doing in Vashishta tender

Vol 17, PW 19 (08 May 14) News in Brief

Judges in Mumbai will decide on May 9 whether Technip or Kazstroy should win an ONGC tender to construct onshore facilities at the Vashishta gasfield.

Kazstroy accuses ONGC of wrongly re-instating disqualified Technip after Kazstroy had already been declared lowest bidder. Worse, Kazstroy accuses Technip of backdating bidding documents.

In an April 1 affidavit Technip managing director Samik Mukherjee admits Technip submitted a backdated Power of Attorney but was unaware the date was altered. “There was no question of Technip making any wrongful gain as a result of the said document," writes Mukherjee.

Technip, along with 12 others, was rejected last August for failing to submit the power of attorney and parent company guarantee in the prescribed format. But Technip later won ONGC permission to have its bid accepted and on January 8 quoted Rs40cr lower than Kazstroy’s Rs787cr ($131m).