National Thermal Power Corporation (NTPC) has cancelled Rs 400 crore tender won by Tecpro system. The Tecpro System had emerged preferred bidder for coal handling plant. With this development, BHEL, L&T, Mcnally Bharat Engineering, Elecon may re-bid for NTPC's tender.
Back in March 2014, NTPC cancelled Rs 210-crore contract with Punj Lloyd due to alleged "poor performance" of the private infrastructure company.
NTPC is the largest power generating company in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution