NMDC restores Rs 1,395-crore order to BHEL for setting up raw material handing system at steel plant
NEW DELHI: State-owned engineering firm BHELNSE -0.99 % on Monday said public sector miner NMDC has restored its order worth Rs 1,395 crore awarded to the former, to set up a raw material handling system at its steel plant in Nagarnar, Chhattisgarh. In July, NMDC had sent a notice to terminate the contract awarded to BHEL for setting up the system. NMDC had given the contract to BHEL in 2011. BHEL was to complete the work till February 28, 2014.
“Subsequent to the discussions, NMDC has revoked the termination of the contract and restored the original contract on August 27, 2019,” according to a BSE filing by BHEL.
