Settlement talks with Siemens Gamesa fail, arbitration to continue
SRIKPRIND · price
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Sri KPR Industries had a 2MW wind turbine generator collapse in Madhya Pradesh in 2023. After legal notices and appointment of an arbitrator by the Madras High Court, amicable settlement talks with Siemens Gamesa Renewable Private Limited held in June 2026 failed. The company will now return to the Arbitral Tribunal to continue arbitration proceedings.
Prolonged legal battle continues with no quick settlement; outcome and any financial impact on the company remain uncertain.