ET had on July 16 reported that only two companies—GH4India and Noida-based Neometrix Engineering—had submitted bids in response to the tender. GH4India is an equal joint venture between IOCL, renewable energy company ReNew and engineering major Larsen & Toubro.
“It is unfortunate that the tender has been cancelled yet again alluding to accusations of preferential treatment towards GH4 India. This time round IOCL had addressed the industry's concerns.”
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