Suraj Products Ltd

Suraj Products Wins ₹7.46 Crore Arbitration Case Against Everllence India ⚖️

- Suraj Products won an arbitration award dated 26 November 2025 against Everllence India (formerly MAN Energy Solutions India).

- The dispute centered on a 6 MW Steam Turbine Generator (STG) failing to meet contractual output.

- The Arbitral Tribunal in New Delhi included retired Supreme Court Justices: Aftab Alam, KSP Radhakrishnan, and Amitava Roy.

- Total awarded amount: ₹7,46,44,375 (includes 12% annual interest up to 26.11.2025).

- Delayed payments beyond 30 days will incur 18% annual interest until settled.

- The claim covers a ₹4.63 crore STG refund + 18% interest since 30.10.2020 and litigation costs.