Crores) |(Crores) |
| |Capacity | |1320 MW |1320 MW |
|A |Total EPC cost | |7762.977 |9207.264 |
| |excluding VAT | | | |
|B |EPC Debt |75% |5822.233 |7826.174 |
|C |EPC Equity ... Debt |12.25% |1295.079 |1228.378 |
|E |EPC Debt | |7117.311 |9054.552 |
| |Including IDC | | | |
| |(B + D) | | | |
|F |Upfront Fees | |8.925 |801.180 |
| |Including | | | |
| |Interest | | | |
|G |Total Debt
corrections: Page 44 of 132
Appeal No. 36 of 2008
SH
EPC Division (copy already furnished to the two
companies), were as under:
Year BRPL ... opening stock + purchases - closing stock as
per the Trading Account of REL, EPC division) giving
a profit of Rs.501.96 crore. In other words
developed in view of CWG in 2010. As per
the EPC contract, Block-I & Block-II were to be commissioned
within 28 months ... implementation of
Pragati-III, which include communications, exchanged with M/s
BHEL (EPC Contractor for Pragati-III).
g) The Central Commission vide Impugned Order dated
engineering and construction work.
This in short would be referred to as EPC contract. Second respondent is a
bank who issued a performance guarantee ... agreement dated 31st January 2008 (hereinafter referred to as
EPC Agreement), M/s.SU-TOLL in turn awarded work of EPC of the project
Ecgc Limited vs Mokul Shriram Epc Jv on 15 February, 2022
Author: Hemant Gupta
Bench: V. Ramasubramanian , Hemant Gupta
REPORTABLE
IN THE SUPREME COURT ... APPEAL NO. 1842 OF 2021
ECGC LIMITED .....APPELLANT(S)
VERSUS
MOKUL SHRIRAM EPC JV .....RESPONDENT(S)
ORDER
HEMANT GUPTA, J.
1. The present appeal
Shriram Epc Limited vs Rioglass Solar Sa on 13 September, 2018
Equivalent citations: AIR 2018 SUPREME COURT 4539, (2018) 4 RECCIVR 317, (2019) 194 ALLINDCAS ... ARISING OUT OF SLP (CIVIL) NO.13913 OF 2018)
M/S SHRIRAM EPC LIMITED …APPELLANT
VERSUS
RIOGLASS SOLAR SA …RESPONDENT
JUDGMENT
R.F. NARIMAN
National Highway 67 connecting
Coimbatore and Nagapattinam. The Concessionaire vide EPC
agreement (Engineering, Procurement and Construction
Agreement) dated January 31, 2008 awarded the said work ... Utility Energytech and
Engineers Private Limited (hereinafter referred to as the ‘EPC
Contractor’). EPC Contractor, in turn, executed a Construction
Agreement dated March
said
Engineering, Procurement and Construction
contract, hereinafter referred to as the `EPC'
contract, envisaged the completion of the
infrastructural facilities within a period ... Respondent No.5 towards the
execution of the EPC contract, it had not
8
achieved connectivity in any of the 23
districts of the State
Doosan India and GCEL all dated 22nd January, 2010
(for convenience 'EPC agreements' dated 22nd January, 2010) being (i) the
Agreement for Civil ... October, 2015
2. Basing its claim on the three agreements, that is, EPC agreements
dated 22nd January, 2010, the Corporate Guarantee dated 17th December
tenders for Ennore and Udangudi Thermal Power Projects on a Debt-cum-EPC basis putting the onus of arranging the lowest interest rate debt ... offering a loan amount equivalent to 85% of the EPC cost with interest at the rate of 7.2% p.a., the fourth respondent offered
