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Bharat Heavy Electricals (BHEL) has received a notice of termination from NMDC for a contract for construction of Raw Material Handling System at it’s under construction Integrated Steel Plant, Nagarnar, Bastar district in the state of Chhattisgarh.

The company 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. The company proposes to take up matter through the redressal mechanism available for disputes resolution between CPSEs.

BHEL is India’s largest engineering and manufacturing company of its kind. It is a power plant equipment manufacturer and operates as an engineering and manufacturing company.

Peers
Company Name CMP
Bharat Heavy Elect. 430.50
Thermax 3136.90
Kirloskar Industries 3460.65
Skipper 516.65
INDO-MIM 1248.90
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