Patna: In order to speed up the execution of its various works, Bihar State Power (Holding) Company Limited (BSPHCL) has penalized three companies and 10 suppliers by invoking their bank guarantees amounting to over Rs 48 crore for their ‘slow’ and ‘tardy’ work in implementing various ongoing power- related projects. The BSPHCL has invoked the bank guarantee amount of over Rs 3 crore of 10 suppliers alone for inordinate delay in supplying electrical equipment.
During a series of review meetings of the South Bihar Power Distribution Company Limited (SBPDCL) recently, all these companies/supplier firms were warned against the inordinate delay in executing their work, but these firms failed to meet the deadline, said BSPHCL spokesman H R Pandey.
The decision to invoke their bank guarantee amounts was jointly taken by BSPHCL chairman cum MD Pratayaya Amrit and SBPDCL MD Palka Sahni. “This is just a wake-up call for these companies/supplier firms; if they fail to improve, the BSPHCL management will blacklist and debar them for any kind future contract,” CMD Amrit said at a review meeting.
BSPHCL spokesman Pandey said the bank guarantees of three companies namely M/s Supreme & Company Private Limited and M/s Utkal Galvanisers Limited (Rs 6.43 crore) and ECI Engineering & Construction (Rs 38.67 crore) were invoked.
The 10 penalized supplier firms are: East India Udyog (Rs 63.76 lakh), Modern Transformer (Rs 34.73 lakh), Shiv Sai Metal (Rs 73.14 lakh), Accurate Transformer (Rs 13.23 lakh), Rakshan Transformer (Rs 19.86 lakh), Lakshmi Transformer (Rs 25.32 lakh), LD Transformer (Rs 30.10 lakh), STS Utility Services (Rs 7.59 lakh), Sai Nath (Rs 11.80 lakh), Sri Ganpati (Rs 39.69 lakh), Pandey told TOI. In total, BSPHCL has invoked bank guarantees worth Rs 48.29 crore.
It was found at the review meetings that power related work was delayed in some parts of the state due to non-supply of equipment and transformers. The supplier firms had not bothered to meet the deadline despite repeated reminders, said an official. The action was urgently needed to speed up works to meet the deadline in the SBPDCL region.