| <P>SEPC announced the successful execution of a Settlement Deed with Hindustan Copper (HCL), concluding all inter-se claims and counterclaims arising from the arbitration proceedings in Case No. AP No.163 of 2023.</P> <P>Under the terms of the settlement, SEPC will receive Rs 30.45 crore as full and final settlement, marking the closure of all pending arbitration matters between the two parties.</P> <P>Additionally, HCL has confirmed the issuance of a supplementary work order worth Rs 72.55 crore related to the ongoing vertical shaft sinking project. This new award enhances the project's overall value and reinforces SEPC's standing as a key EPC partner in India's mining infrastructure segment.</P> |