Brief: Sterlite Technologies Says Under Agreement For Supply Of Turnkey Solution To Data Management Centre, Product Component Was Supplied By Co
13/06/2024 16:13
June 13 (Reuters) - Sterlite Technologies Ltd STTE.NS :
* UNDER AGREEMENT FOR SUPPLY OF A TURNKEY SOLUTION TO DATA
MANAGEMENT CENTRE, PRODUCT COMPONENT WAS SUPPLIED BY CO
* DMC IS CLAIMING $2.7 MILLION AS DAMAGES FOR LOSSES
INCURRED DUE
TO DELAYS AND FAILURE TO PERFORM OBLIGATIONS UNDER AGREEMENT
* CO WILL DEFEND THIS CLAIM AND WILL ALSO RAISE
COUNTERCLAIMS FOR
OUTSTANDING AND OVERDUE PAYMENTS
Further company coverage: STTE.NS
((Reuters.Briefs@thomsonreuters.com;))
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