VSSC files Rs 13.53 crore claim against Allcargo Terminals and Aspinwall

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AI summary

Vikram Sarabhai Space Centre has sought mediation before the Tamil Nadu State Legal Services Authority in a joint claim against Allcargo Terminals and Aspinwall. The claim concerns damage to cargo-carrying machinery during transit and totals about Rs 13.53 crore plus interest. No decision has been issued.

Likely market impact

A potential liability of Rs 13.53 crore plus interest could affect earnings and cash flow if the claim is decided against the company.