StockWatch
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Plastic Products - Industrial
Legal21 Sept 2026, 05:02 pm

Sri KPR Industries to resume arbitration with Siemens Gamesa

AI Summary

Sri KPR Industries Ltd announced that settlement discussions with M/s. Siemens Gamesa Renewable Private Limited regarding an ongoing dispute have failed. Despite multiple rounds of negotiations in June 2026, an amicable resolution could not be reached. As a result, the company intends to return to the Hon'ble Arbitral Tribunal to continue the arbitration proceedings. This development follows a series of communications dating back to May 2023 concerning a WTG collapse, legal notices, court petitions, and the appointment of an arbitrator.

Key Highlights

  • Settlement talks with Siemens Gamesa failed.
  • Company will resume arbitration proceedings.
  • Dispute relates to a WTG collapse.
  • Arbitration has been ongoing since 2023.