Heading for liquidation? No bidders for Monnet Power

Heading for liquidation? No bidders for Monnet Power

Bankrupt Monnet Power appears headed to liquidation with no bidder turning up on the final day to submit bids, which also raises questions about faith in the administration’s ability to resolve the stress in the sector, said two people familiar with the matter.

Namma Metro’s Mysuru Road extension work may go beyond 2019

Namma Metro’s Mysuru Road extension work may go beyond 2019

It appears that Namma Metro’s Mysuru Road extension, which was to be ready by the end of this year, may not materialise before December 2019. This is evident as the Bengaluru Metro Rail Corporation (BMRCL) has not awarded contracts for the architectural work of the six stations on this route.