linkedin
BROUGHT TO YOU BY
Exclusive Access, Inclusive Growth

WELCOME TO ET PRIME

BROUGTH TO YOU BY
Exclusive Access, Inclusive Growth
ET Prime
Under the lens

I-T raids, unpaid dues, corporate-governance issues: NHAI’s new tenders attract sketchy contractors

NHAI figures show the participation of listed entities has not just decreased but diminished, and new companies with INR1,000 crore annual revenue and moderate credit-rating risk are entering the fray. While the highways authority evaluates bidders under financial and technical criteria, it’s high time to introduce corporate governance as the third parameter.
font size
FONT SIZE
save
SAVE
saved
SAVED
Gift this article
GIFT ARTICLE
priyanka
27 Feb 2020 4 Mins Read 0 comment
Union minister Nitin Gadkari with NHAI chairman Yudhvir Singh Malik at a press conference on the Bharatmala project, in New Delhi on October 25, 2017. Getty Images
Union minister Nitin Gadkari with NHAI chairman Yudhvir Singh Malik at a press conference on the Bharatmala project, in New Delhi on October 25, 2017.
“Unpaid vendors”, “over 100 kg of unaccounted gold seized in income-tax raids”, and “RTI activist claims kidnapping”— these are some of the headlines that a quick Google search throws up if you seek information on the new list of NHAI contractors. While these companies have been receiving the National Highways Authority of India (NHAI) contracts for a couple
which despite its power still fell short of pointing out the discrepancies at IL&FS. The unlisted space has no regulator and hence is more vulnerable. It may be high time for the NHAI to introduce a third parameter to evaluate bidders — the one which will analyse companies on corporate-governance issues. ( Graphics by Abdul Shafiq and Sadhana Saxena)
“Unpaid vendors”, “over 100 kg of unaccounted gold seized in income-tax raids”, and “RTI activist claims kidnapping”— these are some of the headlines that a quick Google search throws up if you seek information on the new list of NHAI contractors. While these companies have been receiving the National Highways Authority of India (NHAI) contracts for a couple which despite its power still fell short of pointing out the discrepancies at IL&FS. The unlisted space has no regulator and hence is more vulnerable. It may be high time for the NHAI to introduce a third parameter to evaluate bidders — the one which will analyse companies on corporate-governance issues. ( Graphics by Abdul Shafiq and Sadhana Saxena)

The latest from ET Prime is now on Telegram. To subscribe to our Telegram newsletter click here.

Gift this story

YOU CAN GIFT 0 MORE STORIES THIS MONTH

Maximum 10 Email IDs allowed

300 characters remaining

Gift Sent Successfully

Limit Reached
Limit Reached

You’ve gifted all the 0 articles from your monthly gift bucket!

Please come back next month.

0 more articles will be waiting for you in your gift bucket.

Current Edition

Stay on top with ET Prime's free reads on the viral outbreak
From our archives

Stay on top with ET Prime's free reads on the viral outbreak

Here you will find a curated collection from our relentless coverage on the outbreak and its implications, spanning across sectors and situations. As always, bringing together ET Prime's deep reportage and nuanaced analysis of issues, these stories will keep you up to date on what's unfolding and what's up next.

[[^message]]

Result

[[/message]] [[#message]]

[[message]]

[[/message]]