Announced Wed, 15 Jul · 13:54 IST
SWSAPL files arbitration against Shell Australia over Queensland solar farm
Regulatory & Legal View source PDF
SWSOLAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-9.2%1-day move
₹242.35
prior close
₹241.38
base price
In-mkt
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-0.1-0.1+0.1-0.1-9.2-8.5-11.5-14.4-15.4-14.1————
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AI summary
Sterling and Wilson's Australian step-down subsidiary SWSAPL has filed arbitration against Shell New Energies Australia under LCIA Rules 2020. The dispute relates to EPC and O&M contracts for the Gangarri Solar Farm in Queensland, Australia. SWSAPL is seeking damages of up to AUD 28.03 million and USD 1.64 million, plus interest and legal costs.
Likely market impact
Company is the claimant seeking recovery, not a defendant. Outcome is uncertain as arbitration is just starting; potential upside if awarded damages.