The Indian Hume Pipe Update On Project
The Indian Hume Pipe Company Limited announces the following:
♦ We refer our letter No. HP/SEC/3223 dated 20th December 2018 and letter No. HP/SEC/3458 dated 10th January 2019 intimating award of contract vide Letter of Acceptance of Rs.502.89 (excluding GST) for the work of construction of Drinking Water Supply Projects in Guntur District and Letter of Acceptance of Rs.198.77 Crores (excluding GST) for the work of construction of Drinking Water Supply Projects in Vizianagaram District respectively from Andhra Pradesh Drinking Water Supply Corporation (APDWSC), Vijayawada, Andhra Pradesh.
♦ In this regard the Company has received Notices of termination of the Agreements dated 31-01-2019 under Clause 58.4 of the said Agreements vide letters No. AE2/APDWSC/Guntur/2018 and Letter No.AE3/APDWSC/Vizianagaram/2018-19 both dated 5th July 2019 from Andhra Pradesh Drinking Water Supply Corporation, Government of Andhra Pradesh in respect of the above works awarded to the Company stated at para 1 for Rs.502.89 Crores (excluding GST) for Guntur, A.P. and Rs.198.77 Crores (excluding GST) for Vizianagaram, A.P. on account of reasons stated therein as convenience, owing to change in the policy of the Government, vast changes in the scope of the work and to give effect to the Articles of Association of the Corporation, which include provision of drinking water to urban areas as well. The Company is called upon to raise objections for explanations if any within 15 days from receipt of the termination notices.