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| Exchange Received Time 16/07/2019 17:02:30 Exchange Disseminated Time 16/07/2019 17:02:35 Time Taken 00:00:05 | A contract to construct a Raw Material Handling System at NMDC's under construction Integrated Steel Plant, Nagarnar, Bastar district, Chhattisgarh is being executed by BHEL-ISG Bengaluru division.
BHEL received yesterday (15th July 2019), a Notice of Termination dated 13th July 2019 from NMDC for the above contract.
BHEL has various such commercial contracts under execution at any given point of time. Invocation of contractual clauses such as termination and provision for its redressal are part of contract management. BHEL proposes to take up matter through the redressal mechanism available for disputes resolution between CPSEs.
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