GMR Power and Urban Infra Limited share price jumped nearly 10% on Wednesday's trading session after receiving a Letter of Award for a smart metering project worth ₹2,470 crore in Uttar Pradesh. GMR Power and Urban Infra share price opened at intraday's low of ₹34.01 apiece on BSE. GMR Smart Electricity Distribution Private Limited, a stepdown subsidiary of GMR Power …
Mumbai: Five months after the state cabinet approved Adani Realty’s bid for the Dharavi Redevelopment Project, the latter has still to take off, as the government has not issued a final Letter of Award. The urban development department has expressed reservations on the concessions in the indexation of TDR given to Adani as well as the order to city builders …
NEW DELHI: Tata Power Renewable Energy, a subsidiary of Tata Power, on Wednesday received a letter of award from the Maharashtra State Electricity Distribution Corp. Ltd. to set up a 150MW solar project in Solapur, Maharashtra. “We feel honoured to receive the LoA from MSEDCL for the 150MW solar project. The award is in line with our commitment to create …
The Orissa High Court has ruled that where a tenderer/bidder is declared as a 'Preferred Bidder', the arbitration clause incorporated in the tender document can be invoked by the bidder, even if no tender is awarded to it and no formal contract is concluded between the parties. The Court held that the arbitration clause contained in the tender document, which …
