SPML Infra secures Rs. 712 cr arbitration awards by admin- Tuesday, April 12th, 2022 04:31:16 PM
SPML Infra secured several Arbitration Awards of cumulated quantity of Rs. 712 crore for the tasks from exclusive customers in India. The PSU clients’, against whom the Company has obtained the awards, have favored to attraction the identical, which are presently at diverse stages of listening to on the Courts. SPML Infra Ltd. May be very confident of receiving the whole quantity of Arbitral
Awards at the side of the interest upto the date of receipt in due path.
SPML Infra has vast claims which are anticipated to be converted into arbitral awards inside the following couple of years. The Company has already filed its claims and is within the final stages of submitting numerous claims with the fee of Rs. 3000 crore (USD 393.Four Mn) over and above the Arbitral Awards of Rs. 712 crore that have been offered and anticipated to be realized in due route of time.