TANGEDCO cancels energy deal with BGR Energy Systems

28 Apr 2021 CW Team

Chennai-based engineering services utility BGR Energy Systems told the media that Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has cancelled the Rs 4,442.75 crore contract for setting up the 660 MW Ennore Thermal Power Station and forfeited a Rs 5 crore deposit.

BGR Energy Systems had received the letter of intent (LOI) from TANGEDCO for the execution of 1x660 MW supercritical Ennore thermal power station expansion project under the engineering procurement and construction (EPC) mode for Rs 4,442.75 crore. The company told the media it has been notified by TANGEDCO that the LOI regarding the award of contract has been cancelled for non-submission bank guarantees for security deposit and performance bank guarantee by the company and consequential forfeiture of earnest money deposit (EMD) of Rs 5 crore.

BGR has moved the Madras High Court for quashing the said cancellation of LOI and consequent direction to accept bank guarantees as per Government of India instructions issued in the wake of the Covid-19 pandemic.

Image Source

Also Read: TANGEDCO cancels controversial Rs 1.3k cr coal import tender

Also Read: Fusion Fuel, BGR Energy to develop green hydrogen projects in India

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..