Brief: India's Dolphin Offshore To Take Legal Action Against ONGC For Termination Of Contract

Dolphin Offshore Enterprises (India)

10/04/2020 12:14

April 10 (Reuters) - Dolphin Offshore Enterprises (India)
Ltd  DOLP.NS :
    * ONGC HAD INVOKED FOUR PBGS AMOUNTING TO 366.3 MILLION
RUPEES
GIVEN IN CONNECTION WITH CONTRACT
    * ONGC TERMINATED CONTRACT WITH COMPANY LAST MONTH
    * BALANCE PORTION OF CONTRACT TO BE COMPLETED AMOUNTS TO
2.22
BILLION RUPEES
    * TERMINATION OF CONTRACT 'ILLEGAL', WILL TAKE LEGAL ACTION
AGAINST ONGC

Source text for Eikon: [https://bit.ly/3a1mRDg]
Further company coverage:  DOLP.NS 

 ((bangalore.newsroom@thomsonreuters.com;))