Announced Sat, 25 Jul · 17:20 IST
Sub-contract for Mayiladuthurai sewerage project terminated
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
BRGIL's sub-contract with Kevadiya Construction Ltd (KCL) for construction and 5-year O&M of underground sewerage system in Mayiladuthurai Municipality stands terminated by mutual consent from 25 July 2026. KCL cited operational and commercial reasons for seeking termination. KCL will now execute the project directly with the employer.
Likely market impact
Loss of sub-contract revenue for BRGIL. KCL will run the project directly with the client. No financial impact disclosed.