Welspun Specialty Solutions receives Rs 1597 cr in arbitral award

2 Apr 2022 , 01:33 AM

Welspun Specialty Solutions announced that pursuant to an arbitral award passed in favour of the Company and recently upheld by the Honble Supreme Court of India the Company has received Rs1597 crore gross amount from one of its customer a public sector undertaking The aforesaid payment by the customer is with regard to certain disputes that arose out of a contract for supply of seamless pipes by the Company