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Om Metals Infraprojects gets arbitration award of Rs 5.17 crore

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In matter related to contract for NTPC's Koldam Power Project

announced that in the arbitration matter between Om Metal Infraprojects vs. relating to the hydro-mechanical works contract being executed by Om Metals for NTPC's Koldam Power Project at Barmana, Dist. Bilaspur, - the 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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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 16:40 IST