Vedanta Limited — Important, 10-04-2025: Updates

Talwandi Sabo Power Limited (TSPL), a wholly-owned subsidiary of Vedanta, is engaged in an ongoing arbitration process with SEPCO Electric Power Construction Corporation concerning a 3x660 MW Thermal Power Project in Punjab. Following a failure by SEPCO to meet contractual obligations stemming from a settlement in 2016, TSPL terminated contracts in 2024 and initiated arbitration. Despite appointing a nominee arbitrator, the parties struggled to agree on a presiding arbitrator, prompting TSPL to seek intervention from the Supreme Court. The court has since appointed Mr. Quentin Loh as the third arbitrator, which signals a crucial step in resolving this long-standing dispute. Investors should monitor developments closely, as the outcome could significantly impact TSPL's operations and financial standing.