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Saturday, Dec 04, 2021
Outlook.com
The Ambani feud

Between The Brothers, A Deep Sea

They may have Delhi's corridors of power abuzz, but the epicentre of the battle royale is still Mumbai, their home turf.

Between The Brothers, A Deep Sea
Between The Brothers, A Deep Sea
outlookindia.com
-0001-11-30T00:00:00+05:53

Mumbai Metro: It’s among the first turf battles fought between the brothers. Mukesh and Anil led two consortia that used every trick in the book to outdo each other in the bidding process. Eventually, the city’s first metro was allotted to Anil’s Reliance Energy-led consortium. The public-private partnership with the Mumbai Metropolitan Region Development Authority (MMRDA) started work on Phase I (11.4 km route, Rs 2,356 crore) with great fanfare. Issues between REL and MMRDA, like allotment of land for fabrication work, have stalled the grand project announced by the PM himself.

Mumbai Trans-Harbour Sealink: The 22-km bridge between Mumbai and Nhava Sheva was billed as the project of the year to link Mumbai with islands across the harbour and the fastest road/rail link to RIL’s proposed MahaMumbai SEZ across the harbour. Logically, Mukesh bid for the project, offering a recovery period of 75 years. For Anil, however, it meant that Mukesh would virtually control access to one of the largest SEZs in the country. His REL-Hyundai consortium challenged the bidding process in courts; he eventually bid Rs 6,000 crore with a recovery period of nine years and 11 months. The government worked out a period of 44 years. RIL officials told Outlook that theirs was a realistic estimate based on worldwide average recovery period. A baffled state government was unable to make sense of the bids—and took the view mid-June that this critical project "should not get delayed due to differences between brothers". A week later, it decided that MSRDC would undertake the project. While Anil did not get the project, the real loss was Mukesh’s.

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