NTPC to soon award $3.3 B equipment order
NTPC Ltd will award US$3.3 billion equipment order by March after the Supreme Court ruled in its favor.
The awarding of equipment order for NTPC's nine units of 660 MW each was delayed by more than a year after utility boilers-maker Ansaldo Caldaie moved the Delhi High Court following its disqualification on technical grounds.
The high court upheld Ansaldo's plea that it was wrongly disqualified, against which NTPC moved the Supreme Court.
"Now the Supreme Court has given the order that Ansaldo remains disqualified," said NTPC Chairman Arup Roy Choudhury.
NTPC plans to award equipment order to two suppliers, for which four equipment makers, including Ansaldo, were in fray.
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Tags: equipment order, NTPC, power units, Indian utility, India Supreme Court
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