ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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From Oligopoly to Monopoly

The Bokaro steel plant had been under consideration for nearly 10 years, and every care had to be taken to prevent red tape from strangling it. In order not to overburden the administrative machinery of Hindustan Steel, the new project was put under specially- created Bokaro Steel Ltd (BSL). Its design work was divided between the Russians and Dastur and Company. Subsequent development of the project is a tribute to what is generously termed 'procedure' by officials, The project consists of two main parts, one relating to equipment and the other to construction. Construction is BSL's responsibility. BSL set up Hindustan Steelworks Construction Ltd (HSCL) to execute the civil works worth Rs 98 crores. HSCL further divided the work into nine major sectors and awarded contracts on the basis of keenly- contested tenders. As a result, all except two of the major Indian construction firms are now represented on the wasteland which is the Bokaro-Chas area. In almost every case, contractors are hampered by lack of working drawings, and work is progressing halfheartedly, too often on the basis of so- called 'principle' drawings of a preliminary nature.

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