Hindustan Copper floats tender for operation and maintenance of Surda Mine in Jharkhand

Hindustan Copper floats tender for operation and maintenance of Surda Mine in Jharkhand

Hindustan Copper (HCL) has floated tender for award of fresh contract for long term operation and maintenance of Surda Mine in Jharkhand. The move by the state owned copper major followed after it received a notice dated June 2, 2017 from India Resources Limited (IRL), Special Purpose Vehicle (SPV) of Eastern Goldfields Ltd (EGL), the operater of the mine, stating to have purportedly terminated the operation and maintenance of Surda mine contract.

In a statement issued on Wednesday, HCL said it has taken stand that the above notice is unilateral, wrongful and breach of the present contract for which HCL is entitled to claim liquidated damages from IRL/EGL. “There has not been any failure on the part of HCL to pay to undisputed monthly payments for a continuous period of 90 days from the date of submission of bill for the works executed,” the statement added. Read more

Credits:economictimes.indiatimes.com

One Response to "Hindustan Copper floats tender for operation and maintenance of Surda Mine in Jharkhand"

  1. David Wilson   June 11, 2017 at 4:08 am

    India Resources terminated the Surda mine contract with Hindustan Copper because they are not being paid as per contract. When the Indian Gov’t increased the basic wage by 40% this is not being paid to Surda mine employees. Hindustan Copper agreed to pay this increase but has never paid.
    The announcement by Hindustan Copper is an example of the lies and deceit that HCL management have continued doing to India Resources over the past 10 years.
    Hindustan Copper is an example of the most dishonest business in India.
    The Indian Government and the people of India should hang their heads in shame if this is the way that Indian companies treat their contractors.
    This sort of despicable behaviour will prevent other international enterprises doing business in India.

    Reply

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