Legal27 Aug 2026, 11:21 pm
RailTel Arbitration Award: ₹13 Cr for Company, ₹5 Cr for RISL
AI Summary
RailTel Corporation of India Ltd has received an update on a pending arbitration case with M/s Rajcomp Info Services Ltd (RISL). The Arbitral Tribunal has passed an award where RailTel is awarded ₹13 crore out of its claim of ₹94 crore. RISL is awarded ₹5 crore out of its counter-claim of ₹313 crore. Consequently, RISL is to pay RailTel the differential amount of ₹8 crore, plus interest and GST. This development resolves a significant portion of the dispute, with a net positive outcome for RailTel.
Key Highlights
- Arbitration award passed in RailTel vs. RISL case.
- RailTel awarded ₹13 Cr out of ₹94 Cr claim.
- RISL awarded ₹5 Cr out of ₹313 Cr counter-claim.
- RISL to pay RailTel ₹8 Cr differential plus interest and GST.
- Net financial impact to be assessed post interest and GST.
Price Impact
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