Mumbai, Nov. 14 -- The lender has also given TARIL more time, until 12 January 2026, to submit its response in the ongoing sanctions case.

The World Bank had earlier barred TARIL for four years, until June 2029, following allegations of bribery in connection with a World Bank-funded project in Nigeria. TARIL had been restricted from participating in any Bank-funded projects during this period.

The debarment relates to alleged irregularities in a past supply order executed for the Transmission Company of Nigeria (TCN), Abuja. TARIL said it had already submitted all requested documents during a 2023 inquiry and had received no further communication until the recent notice.

The company maintains that the findings are not conclusive and do...