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NMDC Terminates Nagarnar Steel Plant Contract with BHEL

Steel News - Published on Wed, 17 Jul 2019

Image Source: Bloomberg Quint
BHEL has received a notice of termination of contract from NMDC for the Chhattisgarh project. A contract to construct a Raw Material Handling System at NMDC’s under-construction Integrated Steel Plant, Nagarnar, Bastar District, Chhattisgarh, was executed by BHEL-ISG Bengaluru division.

BHEL said “Invocation of contractual clauses such as termination and provision for its redressal are part of contract management. BHEL proposes to take up the matter through the redressal mechanism available for dispute resolution between CPSEs.”

Source :

Posted By : Sanju Moirangthem on Wed, 17 Jul 2019
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