Solarworld wins partial DAB awards worth about 40 crore in SJVN disputes

Arbitration WonRegulatory & Legal View source PDF Explain this filing

SOLARWORLD · price

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Price reactionminutes from the announcement price · days from the prior close

+4.2%Reaction day

₹134.69

prior close

₹134.46

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+4.3% vs market

Civil Construction peers, median of 99sector-0.2%+4.4% vs sector

On the reaction day the stock moved 4.3 pts more than Nifty Microcap 250 and 4.4 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.7

10m

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15m

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30m

+0.6

Sessions after the filingfrom the prior close

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Reaction day

+4.2-0.1+4.3-0.2+4.4

Next day

+3.5+0.3+3.3-0.1+3.6

+2.8+1.6+1.3+0.5+2.3

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-16.2-6.6-9.6-7.7-8.5

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 99Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Solarworld won partial DAB awards in two EPC contract disputes against SJVN Green Energy. It claimed about 219 crore total and was awarded about 40 crore. The 100 MW project yielded 13.77 crore (claimed 56.50 crore) and the 260 MW project yielded 26.50 crore (claimed 162.83 crore). Awards include liquid cash and retention money release against bank guarantee substitution.

Likely market impact

Positive cash inflow expected, but awards are much lower than claims and SGEL may challenge in court, creating execution uncertainty.