- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Suraj Products Limited has received a favorable arbitration award against M/s Everllence India Private Limited, previously MAN Energy Solutions India Pvt Ltd. The dispute concerned the failure of a 6 MW Steam Turbine Generator to meet its contractual output. The award directs the opposing party to pay Suraj Products Limited ₹7.46 Crore, which includes interest. This award represents a positive financial outcome for the company, potentially improving its liquidity and balance sheet, and settling a long-standing operational dispute.