RKEC Projects (RKEC) — Announcement

RKEC Projects Limited terminated its EPC contract for the Passenger Jetty and Terminal Facilities project at Radio Jetty near Gateway of India, Mumbai, as notified to the National Stock Exchange on April 22, 2026. The termination followed delays attributed to external factors including PILs, design changes, and regulatory hurdles, which the company had previously requested extensions for. The company intends to recover all incurred costs, losses, and opportunity costs through arbitration, marking a significant setback in its infrastructure development pipeline.

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About RKEC Projects Limited (RKEC)

Construction · Infrastructure Developers & Operators · Listed on NSE

ROE: -29.3% ROCE: -13.3%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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