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Bank guarantees of Lanco, Amrit Engineering and others encashed
With companies missing deadline for the National Solar Mission, NTPC Vidyut Vyapar Nigam (NVVN) has encashed bank guarantees of 14 project developers including Lanco, Aftab Solar, Amrit Engineering and Alex Solar. Of the 14 projects, Lanco is engineering procurement and construction (EPC) contractor in three.
The action follows with 14 project developers failing to meet the commissioning deadline under
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