RKEC Projects Limited — Others, 12-05-2025: Action(s) taken or orders passed

RKEC Projects has received a favorable arbitration award against M/s. Honnavar Port Private Limited over a contract breach, securing Rs. 10.71 Cr plus interest, totaling Rs. 12.23 Cr as of the award date. Further interest at 9% per annum applies if payment is delayed beyond 90 days. This settlement improves RKEC’s cash flows and reinforces its financial standing by recovering significant dues from a key client dispute.