Legal18 Sept 2026, 09:00 pm
Solarworld Energy Wins ₹39.27 Cr in Contractual Dispute Awards
AI Summary
Solarworld Energy Solutions Ltd has received favorable awards from a Dispute Adjudication Board (DAB) concerning two EPC contracts with SJVN Green Energy Limited (SGEL). For the 100 MW project, the company was awarded ₹13.77 Cr, comprising ₹5.79 Cr in cash and ₹7.98 Cr in retention release. For the 260 MW project, the award amounts to ₹26.50 Cr, with ₹2.09 Cr in cash and ₹24.41 Cr in retention release. These awards stem from contractual disputes related to claims such as retention monies, financing interest, and loss of profit. The company has made this information available on its website.
Key Highlights
- Solarworld Energy secured favorable awards in two contractual disputes with SGEL.
- Total awarded value across both projects is ₹39.27 Cr.
- Awards include cash payments and release of retention monies.
- Disputes involved claims for retention, financing interest, and loss of profit.
- Company has published details on its website.
Price Impact
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