Deals16 Sept 2025, 02:02 pm
Power & Instrumentation (Gujarat) Ltd. Receives INR 4.09 Crore Arbitration Award
AI Summary
Power & Instrumentation (Gujarat) Ltd. has received an arbitration award of INR 4.09 Crore from the Honourable Arbitral Tribunal under the Arbitration and Conciliation Act, 1996. The award is in relation to the agreement dated 21.03.2014 for providing power supply arrangements for Navy at Madhusudan Jetty in Chennai Port Trust. The award includes interest @ 18% p.a. w.e.f 15/09/2025 till the actual date of payment.
Key Highlights
- Power & Instrumentation (Gujarat) Ltd. has received an arbitration award of INR 4.09 Crore.
- The award includes interest @ 18% p.a. w.e.f 15/09/2025 till the actual date of payment.
- The award is in relation to the agreement dated 21.03.2014 for providing power supply arrangements for Navy at Madhusudan Jetty in Chennai Port Trust.