
Business Update25 Jul 2026, 05:31 pm
BR Goyal Infrastructure Terminates Sub-Contract with KCL
AI Summary
B.R. Goyal Infrastructure Limited has mutually agreed to terminate its sub-contract agreement with Kevadiya Construction Limited (KCL) for the Underground Sewerage System project in Mayiladuthurai Municipality, effective July 25, 2026. The termination is due to operational and commercial reasons, with KCL retaining full responsibility for project execution. This agreement was originally for construction and a 5-year operation & maintenance period.
Key Highlights
- Sub-contract agreement terminated by mutual consent.
- Termination effective July 25, 2026.
- KCL to retain full responsibility for project execution.
- Reasons cited are operational and commercial.
Price Impact
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