Announced Sun, 28 Jun · 12:57 IST
MP Jal Nigam debars WPIL from future tenders over project delays
Regulatory & Legal View source PDF
WPIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.4%1-day move
₹488.00
prior close
₹486.75
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.0-0.7-1.0+0.4+0.4-2.6-1.6-3.0-0.6-3.4-6.8———
Up moveDown movePending
AI summary
WPIL received an order from MP Jal Nigam alleging delays in completing contractual milestones on certain ongoing projects. As a result, the company has been barred from participating in MP Jal Nigam's future tenders, bids and procurement till ongoing contracts are completed or for three years, whichever is earlier. WPIL says existing financial and operational activities remain unaffected and is exploring legal remedies.
Likely market impact
May lose future business from MP Jal Nigam; existing operations unaffected, company may challenge the order legally.