Several big companies are making hectic moves to take advantage of Telangana Chief Minister K.Chandrasekhar Rao's pet project Water Grid by garbing contracts. Among those companies Jindal said to be ahead of others and already suceeded in getting promise for profiting pipeline supply.
Pipelines are important to the Rs 25,000 crore estimated Water Grid project. The Government has decided to lay 1.21 lakh long pipelines in ten districts. KCR prefers to assign pipe laying work for the company which would start a production unit in Telangana rather than buying pipe from other States and said to be preferring Jindal Company, which has showed interest in setting up an industry.
But the strategy of Jindal is to possess the entire project, if this is not possible its intention is to leave Intake well works to other companies and get more profitable pipe manufacturing contract.A few companies have also approached the government and discussed on this issue.
The government is expected to spend Rs 25,000 crore to construct sub-grids in nine districts of Telangana with the aim to supply drinking water to 26,000 villages. However, official sources is of the view that Rs 25,000 estimation is likely to reach Rs 42,000. Officials are busy re-examining survey details. The tenders have already been called for Rs 15,000 worth Intake well constructions, major players in construction industry Megha, L&T, NCC and other companies won these tenders, but agreement process is yet to complete.
It may be recalled that Chandrasekhar Rao had earlier announced that grid project would be completed in next four years, and then we would go into the public and ask votes. The Jindal Company assured the government that there will be no compromise in the quality of pipes.