Chandra Prabhu International Signs Agreement To Form JV For Submission Of Bids Issued By REC Power Distribution Company
Chandra Prabhu International Limited signs agreement for Joint Venture Firm to establish Joint Venture for submission of bid regarding tender issued by REC Power Distribution Company Ltd.
|Name(s) of parties with whom the Agreement is entered|
Chandra Prabhu lntemational Limited
Rajasthan Cables & Conductors Pvt. Ltd
|Purpose of entering into the Agreement||Chandra Prabhu lntemational Limited had entered into a Agreement for Joint Venture Firm on 3rd September, 2018 with & Rajasthan Cables Conductors Pvt. Ltd. having its office at A- 190C,Road No.1-D.VKl Area, Jaipur, Rajasthan, lndia, For submitting bid for tender issued REC Power by Distribution Company Ltd. vide Tender no. RECPDCL/TECH/MZM/ls- 19/2093 dated: 17.08.2018 for “Supply of materials for sub-transmission and distribution network in Mizoram for electrification works under SAUBHAGYA/DDUGJY" and to establish Joint Venture among themselves, subject to procurement of tender in its favour.|
|Significant terms of the agreement (in brief)||For in principle agreement, an "Agreement for Joint Venture Firm” has since been signed. Detailed terms shall be worked out once the company obtains the tender in its favour, then the detailed joint venture agreement shall be executed and shall be informed accordingly by the company.|