Legal12 Sept 2025, 03:41 pm
Vedanta's Subsidiary, Talwandi Sabo Power, Settles Long-Standing Disputes with SEPCO
AI Summary
Vedanta Ltd's wholly-owned subsidiary, Talwandi Sabo Power Limited (TSPL), has entered into a Settlement Agreement on September 11, 2025, with SEPCO Electric Power Construction Corporation. This agreement resolves all long-standing disputes related to the EPC contracts for setting up a 3x660 MW Thermal Power Project. The agreement includes the withdrawal of pending arbitration proceedings, marking the closure of legacy disputes and strengthening TSPL’s operational position. This information is pursuant to Regulation 30 of SEBI Listing Regulations and is requested to be taken on record.
Key Highlights
- Vedanta's subsidiary, Talwandi Sabo Power Limited, has settled long-standing disputes with SEPCO Electric Power Construction Corporation.
- The settlement includes withdrawal of pending arbitration proceedings.
- This agreement marks the closure of legacy disputes for Talwandi Sabo Power Limited.
- The settlement strengthens Talwandi Sabo Power’s operational position.
- This information is pursuant to Regulation 30 of SEBI Listing Regulations.