Ircon International Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
IRCON · price
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Ircon International has informed the stock exchanges that a contractor, M/s S.A. Yadav, has filed a claim of Rs. 72.87 crore against the company before an Arbitral Tribunal. The claim relates to a railway infrastructure project — the construction of Western DFC Phase Vaitarna-Sachin Section (Package SB 1-B). The disputes cover cost against quantity saving, idle charges for plant and machinery, additional bank guarantee and SO charges, interest, electricity, and site/lab establishment expenses. The outcome and any financial impact on Ircon will depend on the final adjudication of the tribunal. The disclosure was made under SEBI LODR Regulation 30.
A Rs. 72.87 crore claim represents a contingent liability for Ircon; if the arbitration goes against the company, it could affect earnings, though the final financial impact remains uncertain pending tribunal resolution.