Mediation initiated over Rs 8.20 crore dues dispute
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E To E Transportation Infrastructure has started mediation before the District Legal Services Authority, Raipur, over unpaid dues from four work orders for signalling and telecom and overhead electrification work. It claims Rs 8.20 crore plus interest from Jhajharia Nirman, which disputes the claim and counterclaims Rs 3.14 crore. The company estimates financial implications of Rs 2.69 crore.
The outcome could affect receivables and earnings. Recovery would support cash flow, but the counterclaim creates downside risk.