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GAIL plans to cancel IL&FS Rs 270 crore contract
Jan. 18, 2019

GAIL plans to cancel IL&FS Rs 270 crore contract

GAIL awarded a pipe laying contract worth Rs 270 crore to IL&FS last year but is planning to terminate that contract. This is because the financially-troubled contractor is delaying the project. According to the source “Due to its financial crisis, IL&FS is unable to pay its subcontractors and suppliers. So, these sub-contractors have stopped working and vendors have stopped supplies.” This 2,655 km pipeline is called Pradhan Mnatri Urja Ganga.

   Read More About : GAIL India Midstream Natural Gas Pipelines
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