State transmission utility Jharkhand Urja Sanchar Nigam Ltd (JUSNL) has terminated a contract placed on BGR Energy Systems Ltd.
In a stock exchange filing, BGR Energy Systems Ltd said that the contract entered between the company and JUSNL (Contract Agreement No.1, dated September 9, 2020) has been terminated by JUSNL.
The contract involved supply, installation, testing and commissioning of 132/33kV GIS substations at Sarath, Sundernagar and Chattarpur, in Jharkhand.
“Delay in completion of agreed scope of supply is stated as the reason for termination of contract,” BGR Energy said in the filing, adding that there was no material impact (of the termination) on the financials and operations or other activities of the company.
The contract termination letter dated August 14, 2024 was received on August 20, 2024, BGR Energy said.
On February 10, 2020, BGR Energy Systems Ltd had announced that the company’s Electrical Projects Division had secured the said contract, valued at Rs.124.13 crore (exclusive of GST), on turnkey basis with a scheduled completion of 24 months.
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