Cemindia Projects Ltd

⚖️ Cemindia Projects Initiates ₹130 Crore Arbitration Against Govt Authority

- Arbitration initiated against Inland Waterways Authority of India (Ministry of Shipping).

- Dispute relates to Engineering, Procurement & Construction contract for a multi-modal IWT Terminal at Haldia, West Bengal.

- Arbitration Tribunal constituted on 30th July 2026.

- Claims include payment for certified/un-certified bills, additional works, prolongation costs, interest on delayed payments, and release of retention money.

- Total claim quantum is approximately ₹130 crore (excluding further interest, taxes, costs, and subject to revision).

- Financial outcome is subject to the determination of the Arbitral Tribunal and final award.