Wednesday, January 19, 2011

Puncak Niaga JV fails in bid for India water supply projects

KUALA LUMPUR: PUNCAK NIAGA HOLDINGS BHD [] and its joint venture partner have failed in their tenders for the two water supply and drainage projects in India.

Puncak said on Wednesday, Jan 19 that its partner P&C CONSTRUCTION []s (P) Ltd had dissolved the joint venture agreements following the unsuccessful bids.

On Oct 20 last year, Puncak and P&C Constructions had signed two JV agreements to bid for package III and package V of the Hogenakkal water supply and fluorosis mitigation projects for the Dharmapuri and Krishnagiri districts.




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