Very likely that Ashoka must have had some understanding with one of the three pre/post bidding let us wait for the contours of the bid to come out.
I don’t see any reason why HBL/Medha should partner with anyone but incase of Kernex the balance sheet does not support large tenders and hence it makes sense to partner with other EPC players. One thing that I don’t understand is why is Siemens HBL’s partner?
One good thing that I can infer is things are moving and we can hope to see Kavach tender results coming out in some time now.
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