Sadhav Shipping adverse business impact announcements

Adverse Business ImpactSadhav Shipping Ltd SADHAV

Sadhav Shipping Adverse Business Impact

Sadhav Shipping has received a communication from Jawaharlal Nehru Port Authority (JNPA) withdrawing the previous 5-year debarment order, following a High Court proceeding.

From

Jawaharlal Nehru Port Authority (JNPA)

Adverse Business ImpactSadhav Shipping Ltd SADHAV

Sadhav Shipping Adverse Business Impact

Sadhav Shipping Limited terminated its charter party agreement with JNPA due to supply delays. The company expects a financial loss of Rs. 1.14 crore annually.

Value

₹1.14 Cr

Execution

10 years

Adverse Business ImpactSadhav Shipping Ltd SADHAV

Sadhav Shipping Adverse Business Impact

Sadhav Shipping received a termination order for a contract from Jawaharlal Nehru Port Authority, along with a five-year debarment from participating in its future tenders.