In what must come as a blow to engineering giant L&T, NDTV has learnt that the government’s power utility NTPC has rejected L&T's bid for the Rs 20,000 crore tender for supplying power equipment.
Sources tell NDTV that L&T's disqualification is technical in nature as L&T participated through its subsidiary L&T Power, which has no expertise in manufacturing supercritical equipment.
more at:
http://beta.profit.ndtv.com/news/show/ntpc-disqualifies-l-t-from-rs-20k-cr-tender-76972
Tuesday, June 22, 2010
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