MoneyWorks4Me

Neyveli Lignite claims Rs 150 crore from BHEL for project delay

07 Sep 2013 Evaluate

Neyveli Lignite Corporation (NCL) has arrogated Rs 150 crore in liquidated damages from BHEL for the technical problems in Thermal Power Station-II expansion. The 2x250MW project has been delayed due to technical reasons and BHEL, the main plant package contractor, has taken up rectification work.

The projects first unit was synchronised last November but was shut down for setting right the refractory and coil supports. But BHEL has committed to start the unit in December this year.

Peers
Company Name CMP
NTPC 324.00
Tata Power 374.80
Adani Power 209.00
Power Grid Corpn. 270.00
Adani Energy Solut. 1415.00
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