Orient Cement Limited — Important, 05-02-2025: General Updates

An Arbitration Award has been delivered in favor of Orient Cement Limited regarding a dispute with Singareni Collieries Company Limited. The Arbitral Tribunal mandated SCCL to supply coal to Orient Cement, amounting to Rs. 10.37 crore, previously adjusted against an advance payment made by the Company. This ruling relates to discrepancies in quality and debit notes for coal supplied from September 2018 to July 2019. The favorable outcome is expected to enhance Orient Cement's financial position significantly, reflecting a positive outlook for the Company amidst operational clarities.