Adani Transmission (ATL) will build, own, operate and maintain the transmission project in the state of Rajasthan for a period of 35 years.
L&T-Nxt aims to use new technologies, digitization and analytics to commercially provide industrial solutions by tapping on opportunities as companies move towards ‘Industry 4.0’.
The cheques were issued by CG without approval from its board or risk and audit committee.
The company said it also bagged add-on orders for some of its existing projects in the heavy civil infrastructure and metallurgy and material handling space.
The Tulsi Tanti-led company had net term debt of Rs 7,751 crore as on June-end, which included a foreign currency convertible debt.
L&T will build 23,432 dwelling units as part of the Pradhan Mantri Awas Yojana (PMAY)
Two international companies had shown interest at different stages, but both have subsequently pulled out.
Thapar was ousted from the chairmanship of the troubled CG Power and Industrial Solutions last week after alleged irregularities and unauthorised transactions surfaced.
Second incident at co this year fuels safety concerns.
Owing to the grave nature of the misconduct and the breach of trust on his part, the board of CG Power and Industrial Solutions sacked CFO V R Venkatesh
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