Punj Lloyd - Disclosure Under Clause 30 Of The SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
31/07/2019 13:31
Pursuant to Clause 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we hereby inform you that Mangalore Refinery and Petrochemicals Ltd. (hereinafter referred to as MRPL) has invoked the Bank Guarantee(s) amounting to Rs. 75,09,26,012/- (Rupees seventy five crores nine lakh twenty six thousand and twelve) given in respect of the project for its Phase III Refinery Project - Coke Drum Structure Package of Delayed Coker Unit (EPCC - 05 Package), awarded to the Company.

The Company considers this as wrongful invocation of the above stated Bank Guarantee(s) and is considering all available legal avenues in this regard.

This is for your information and record.