Brief: Welspun Enterprises, Gujarat State Road Development Corp Agree To Settle Dispute
March 28 (Reuters) - Welspun Enterprises Ltd WELS.NS :
* GUJARAT STATE ROAD DEVELOPMENT CORP, CO AGREE TO SETTLE
DISPUTE
* GSRDC TO PAY TO CO 249.7 MILLION RUPEES IN PRINCIPAL AND
INTEREST OF 126.2 MILLION RUPEES FOR SETTLEMENT OF CLAIMS &
DISPUTE
* COMPANY SHALL WITHDRAW ITS APPLICATION PENDING WITH
ARBITRAL
TRIBUNAL, AHMEDABAD
* EXPECTS TO GET 375.8 MILLION RUPEES WITHIN NEXT 30 DAYS
Source text for Eikon: ID:nBSE16YsNY
Further company coverage: WELS.NS
((Reuters.Briefs@thomsonreuters.com;))
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