ITD Cementation India Limited — Others, 01-08-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
01-08-2025 | 03:06 pm
01-08-2025 | 03:06 pm
ITD Cementation India Limited has settled its arbitration proceedings with Reliance Infrastructure Limited. The company had initially sought claims of approximately Rs 2.85 Cr from Reliance Infra regarding a works contract, while Reliance Infra had counter-claimed for about Rs 59.83 Cr. Both companies have now mutually agreed to unconditionally withdraw their respective claims and counter-claims, concluding the dispute. This resolution eliminates a past legal uncertainty and has no material financial impact on ITD Cementation.
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