SURF contract: Did the L&T-GE-McDermott consortium cut corners?
Nov 13:
There may well be trouble brewing over taxes to be paid for the SURF contract awarded by ONGC for the Cluster 2 field in the KG-DWN-98/2 block to the L&T, GE and McDermott consortium for $1.7 billion. 8Taxes may become a major source of dispute between ONGC and the consortium. 8Not just that, a lower rate of taxation, among various other relaxations were cited by its rivals as the reason why the consortium won the bid Click on Details for more