GAYATRI PROJECTS LTD. - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Arbitral Award Monetisation - Receipt Of INR 208 Crore
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| 24 Nov 2020 | |
| Gayatri Projects Limited ('GPL' or the 'Company') is pleased to announce that it has successfully monetized and received INR 208 crore net of statutory deductions (Gross INR 219 crs) under the GOI scheme of monetisation of 'under litigation arbitral award' against bank guarantees. The company along with its JV partner had been awarded an arbitration claim worth INR 703 crore including interests for its road project in Nagaland and GPL portion in the same was INR 264 crore. The company has now received 75% of the claim (including further interest of INR 27.74 crs for the period from the date of award till the date of payment) after furnishing bank guarantees of similar amount. This inflow is in line with company's guidance of an inflow of INR 2-3 billion under the GOI award monetisation scheme / conciliation scheme. <BR> <BR> | |
| View all announcements for GAYATRI PROJECTS LTD. | Source: BSE India |
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