Corporate News 09-Jan-18
Om Metals Infraprojects gets arbitration award of Rs 5.17 crore
In matter related to contract for NTPC's Koldam Hydro Power Project
Om Metals Infraprojects announced that in the arbitration matter between Om Metal Infraprojects vs. NTPC relating to the hydro-mechanical works contract being executed by Om Metals for NTPC's Koldam Hydro Power Project at Barmana, Dist. Bilaspur, Himachal Pradesh - the Arbitration Tribunal awarded a principal amount to be around Rs 5.17 crore towards the company's various claims. The said amount also bears interest @9% from the date of dispute to the actual date of payment which is estimated at around Rs 2.5 crore.
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