Legal26 Feb 2025, 06:18 pm
Ceigall India Ltd's Contract Agreement with NHAI for Amritsar Connectivity Terminated
AI Summary
Ceigall India Ltd's contract agreement with the National Highways Authority of India (NHAI) for the construction of four-lane Greenfield Amritsar connectivity for Connection of Amritsar with Delhi-Amritsar-Katra Expressway from MDR Junction at ch 40+900 Dhunda Village to Junction with NH3 and Taran Tarn Bypass near Mannawalla village chainage 70+950 (km 40+900 to km 70+950 of Amritsar connectivity) on EPC mode under Bharatmala Pariyojana in the State of Punjab has been terminated as per Clause 3.4 of the Contract Agreement due to the non-achievement of significant land acquisition for the project stretch. The Authority has agreed to pay damages equivalent to 1% of the contract price as per the Contract Agreement.
Key Highlights
- Ceigall India Ltd's contract agreement with NHAI for Amritsar connectivity has been terminated.
- The termination is due to the non-achievement of significant land acquisition for the project stretch.
- The Authority has agreed to pay damages equivalent to 1% of the contract price as per the Contract Agreement.
- The project was part of an ongoing project under EPC Model with a bid project cost of Rs. 1071 Crores.
- The project was for the Construction of four-lane Greenfield Amritsar connectivity for Connection of Amritsar with Delhi-Amritsar-Katra Expressway.