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Kalpataru Projects International Limited ( (IN:KPIL) ) just unveiled an announcement.
Kalpataru Projects International Limited has disclosed an ongoing legal dispute involving its wholly-owned subsidiary, Wainganga Expressway Private Limited (WEPL), and the National Highways Authority of India (NHAI). The dispute centers around a termination notice issued by NHAI to WEPL, alleging a default in payment of premium, which contradicts a previous arbitration award favoring WEPL. The company believes that the legal position of WEPL is strong and anticipates no significant financial impact from the dispute.
More about Kalpataru Projects International Limited
Average Trading Volume: 18,134
Technical Sentiment Signal: Strong Buy
Current Market Cap: 191.4B INR
Find detailed analytics on KPIL stock on TipRanks’ Stock Analysis page.