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Prism Johnson Limited Update on Silo Construction Litigation

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Prism Johnson Limited Update on Silo Construction Litigation

Prism Johnson Limited ( (IN:PRSMJOHNSN) ) just unveiled an announcement.

Prism Johnson Limited has announced an update on ongoing litigation involving a civil contractor, Gannon Dunkerly & Co. Ltd. (GDCL), responsible for the construction of a Silo. The Arbitral Tribunal has determined that GDCL’s construction deficiencies contributed to the Silo’s collapse, making GDCL liable for 80% of the company’s losses. The final decision on the quantum of damages, interest, and costs will be made in a separate hearing.

More about Prism Johnson Limited

YTD Price Performance: -28.18%

Average Trading Volume: 25,921

Current Market Cap: 61.64B INR

Find detailed analytics on PRSMJOHNSN stock on TipRanks’ Stock Analysis page.

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