Turkish Firm Owes Rs 800 Million to Metro Contractors
RAILWAYS & METRO RAIL

Turkish Firm Owes Rs 800 Million to Metro Contractors

Gulermak, a Turkish company involved in constructing the underground section of the Kanpur Metro, has allegedly left India without clearing dues of Rs 800 million owed to 53 subcontractors. The project was jointly executed with Sam India under the supervision of Uttar Pradesh Metro Rail Corporation (UPMRC).

The payment delays reportedly began after diplomatic tensions between India and Turkey following Operation Sindoor. Contractors claim they received irregular payments before company officials vacated Kanpur and ceased communication. Despite repeated appeals, UPMRC has not intervened, prompting nine contractors to submit formal complaints to the District Magistrate.

Specific dues listed include Rs 37 million to Metro Marble, Rs 17 million to Shreyans Infratech, and Rs 12 million to Radiant Services, among others. UPMRC stated that its payments to Gulermak were complete and that the unpaid firms were subcontracted directly by Gulermak.

The corporation has retained five per cent of the contract value as reserve and may release it to resolve the issue if Gulermak fails to pay. The incident has raised concerns over due diligence in international contracting for public infrastructure projects.

Source:Financial Express


Gulermak, a Turkish company involved in constructing the underground section of the Kanpur Metro, has allegedly left India without clearing dues of Rs 800 million owed to 53 subcontractors. The project was jointly executed with Sam India under the supervision of Uttar Pradesh Metro Rail Corporation (UPMRC).The payment delays reportedly began after diplomatic tensions between India and Turkey following Operation Sindoor. Contractors claim they received irregular payments before company officials vacated Kanpur and ceased communication. Despite repeated appeals, UPMRC has not intervened, prompting nine contractors to submit formal complaints to the District Magistrate.Specific dues listed include Rs 37 million to Metro Marble, Rs 17 million to Shreyans Infratech, and Rs 12 million to Radiant Services, among others. UPMRC stated that its payments to Gulermak were complete and that the unpaid firms were subcontracted directly by Gulermak.The corporation has retained five per cent of the contract value as reserve and may release it to resolve the issue if Gulermak fails to pay. The incident has raised concerns over due diligence in international contracting for public infrastructure projects.Source:Financial Express

Next Story
Real Estate

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Next Story
Real Estate

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Next Story
Infrastructure Energy

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App