MEA has debarred BLS International from participating in future tenders for two years, effective from October 9, due to allegations related to court cases and applicant complaints.
The debarment will not impact existing contracts and is not expected to affect the company’s current operations or financial performance.
However, it poses challenges for BLS International’s future growth opportunities within the Ministry of External Affairs. The company’s shares experienced slight increases, despite a notable decline over the past year.
Source – sarkaritel.com
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