Cemindia Projects initiates arbitration against Inland Waterways Authority for Haldia project
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Cemindia Projects (formerly ITD Cementation India) has initiated arbitration against Inland Waterways Authority of India over disputes related to a multi-modal IWT Terminal project at Haldia, West Bengal. The Arbitration Tribunal was constituted on 30 July 2026. The company is claiming approximately 130 crore rupees covering unpaid certified and un-certified bills, additional works, prolongation costs, delayed payment interest, and retention money. The financial outcome will depend on the Arbitral Tribunal's final award.
Potential recovery of about 130 crore pending arbitration outcome. No immediate financial impact; result could materially affect cash flows.