ITD Cementation India Ltd. Wins Arbitration Dispute, Award Valued at Approx. INR 10.22 Crore

ITD Cementation India Ltd. has announced the receipt of an arbitration award dated 18th September, 2024. The award, received on 19th September, 2024, is in respect of contractual disputes relating to a project awarded in the name of ITD Cementation India Limited (JV). The value of the award is approximately INR 10.22 Crore plus GST. The opposing party in this dispute is the Pune Municipal Corporation, with Kirloskar Brothers Ltd. serving as a pro-forma Respondent. The financial impact of this award can only be determined upon actual realization.