JMC Projects (India) has informed that its holding company viz. Kalpataru Power Transmission (KPTL) has received a notice from the World Bank alleging process violations in bids submitted by its transmission business on two projects in Africa more than 7 (seven) years ago. KPTL disagrees with the Bank's position and intends to contest the proceedings vigorously.
The above information is a part of company’s filings submitted to BSE.
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