Brief: Welspun Enterprises, Gujarat State Road Development Corp Agree To Settle Dispute

Welspun Enterprises

28/03/2023 08:39

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;))