VPRPL

VISHNU PRAKASH; VPRPL RECEIVES TERMINATION NOTICE FROM NORTH WESTERN RAILWAY 🚧⚠️ • 🚉 North Western Railway rescinded contract awarded to JV VPRPL-KSIPL BKN JV for Bikaner Railway Station major upgradation project • 📄 Contract termination linked to delayed handing over of Right of Way (ROW) and change in scope related to Bikaner Station redevelopment • 💰 Expected financial implication on VPRPL estimated at ₹19.47 Cr • ⚖️ Railway may invoke penalties including forfeiture of Performance Bank Guarantee worth ₹19.22 Cr and Security Deposit of ₹0.83 Cr • 🏛️ Company has filed writ petition in Rajasthan High Court, Jodhpur seeking quashing of termination order and protection against bank guarantee encashment 🔴 Impact: Negative (Project cancellation, potential financial liabilities and legal uncertainty weigh on sentiment)