BGR Energy Systems Ltd के शेयर 3 फरवरी को BSE पर 2.23 प्रतिशत की तेजी के साथ ₹332.70 पर बंद हुए।
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Moneycontrol03-02-2026, 23:08

BGR Energy's TANTRANSCO Order Canceled: Legal Options Explored Amidst Delays

  • BGR Energy Systems Ltd's EPC contract with TANTRANSCO for a 230/110 kV AIS sub-station in Tirupattur has been canceled.
  • TANTRANSCO cited project delays, stating work was not completed within the stipulated timeframe by January 30, 2026.
  • Liquidated damages, cost of unused materials, and extra expenses for engaging another agency will be recovered from BGR Energy.
  • BGR Energy is reviewing the termination order and considering all legal options, stating no significant impact on current operations.
  • The company has faced similar issues, including a GST relief order and a contract termination from CMWSSB in September 2024.

Why It Matters: BGR Energy faces contract cancellation due to delays, exploring legal remedies while assuring minimal operational impact.

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