ITD Cementation India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
CEMPRO · price
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Awaiting price reaction for this filing.
ITD Cementation India has won a partial arbitration award against Delhi Metro Rail Corporation (DMRC) related to a work contract on the Dwarka-Najafgarh metro corridor. The company had filed claims totaling Rs. 57.23 Crores seeking damages for delays and change in scope. A 3-member Arbitral Tribunal passed its award on 22nd July 2025, allowing claims worth Rs. 15.84 Crores plus interest — roughly 28% of the total amount sought. The actual financial impact will depend on the receipt of the awarded amount from DMRC.
Positive but limited — the company recovers a portion of its claims (Rs. 15.84 Cr plus interest), providing some cash inflow, though the award is significantly lower than the Rs. 57.23 Cr sought. Stock reaction is likely to be muted given the partial nature of the win.