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Kalpataru Power Transmission to contest World Bank's allegations of process violations in African projects

Capital Market 

Kalpataru Power Transmission has received a notice from the World Bank alleging process violations in bids submitted by its transmission business on two projects in Africa more than 7 years ago.

The Company disagrees with the Bank's position and intends to contest the proceedings vigorously.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 28 2019. 14:19 IST
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