Brief: Jindal Saw says arbirtation award in favour of unit w.r.t proceedings against NTPC

Jindal Saw

31/01/2019 09:42

Jan 31 (Reuters) - Jindal Saw Ltd  JIND.NS :
    * UPDATES ON ARBITRATION PROCEEDINGS BETWEEN JINDAL ITF AND
NTPC
LIMITED WITH RESPECT TO INLAND WATER COAL TRANSPORTATION
BUSINESS
    * SAYS AWARD HAS GONE IN FAVOUR OF JINDAL ITF LIMITED
    * NTPC LIMITED HAS RIGHT TO RECOURSE AGAINST THE AWARD
    * AGGREGATE AMOUNT OF VARIOUS CLAIMS UNDER AWARD ADDS UP TO
IN
EXCESS OF 20 BILLION RUPEES PLUS INTEREST

Source text : https://bit.ly/2HFBiE4

 ((Reuters.Briefs@thomsonreuters.com;))