Anil Ambani-promoted RInfra loses NTPC order worth Rs 567 crore to GE

For the current financial year, RInfra looks to increase its order book to close to Rs 50, 000 crore

While Anil Ambani-promoted Reliance Infrastructure looks to almost double its existing order-book in the current financial year, not all is well with its existing orders. One of RInfra's contracts worth Rs 567 crore from NTPC has been re-tendered and awarded to another company this month.

In February 2018, RInfra informed exchanges it has received the Letter of Approval from NTPC for Flue Gas Desulphurisation (FGD) works of its 3x500 Mw power plant in Jhajjar, Haryana. “The project has been re-tendered and awarded to GE,” said a person with knowledge of the development. The reason for re-tendering is not clear. An email