Voltas, a Tata Group company, seeks Indian gov't help in Qatar over Rs 750 crore delayed payments for completed projects.

Voltas, a Tata Group company, is experiencing significant financial difficulties in Qatar due to approximately Rs 750 crore being stuck as a result of delayed receivables and project timelines. The company has completed projects in Qatar and handed them over, but payments have not been made despite the completion of work. Voltas has reached out to the Indian government for assistance and also contacted the Embassy in Qatar.

February 11, 2024
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