June 8 (Reuters) - Hindustan Copper Ltd HCPR.NS
- Says received notice from India Resources Limited, special purpose vehicle of Eastern Goldfields Ltd
- Says notice states India Resources Ltd has purportedly terminated contract for operation, maintenance of Surda mine, Jharkhand
- Notice is unilateral, wrongful, breach of contract for which HCL is entitled to claim damages from India Resources, Eastern Goldfields
- Says has floated tender for award of fresh contract for long term operation and maintenance of Surda mine
- No failure on part of co to pay to undisputed monthly payments for continuous 90 days from date of submission of bill for works executed
- Says co has taken measures to appoint agency for re-starting operations of Surda mine
- Since April 2017, the performance of IRL/EGL has deteriorated sharply and has failed to achieve monthly production targets
- IRL, EGL have huge outstanding liabilities in market of more than 400 million rupees
- Says received notice from India Resources Limited, special purpose vehicle of Eastern Goldfields Ltd
Source text - (http://bit.ly/2sH0ZsE)
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