Sterling and Wilson Solar Solutions Inc. faced claims of USD 55.06 million which have been dismissed by the Arbitral Tribunal. However, Conti, LLC, USA was awarded a claim amount of USD 6.44 million plus interest. This announcement provides an update on the status of the material litigation involving the company’s subsidiary. The interim award was issued during ongoing proceedings.
Arbitral Tribunal Interim Award
The Arbitral Tribunal has issued an interim award regarding a claim involving Sterling and Wilson Solar Solutions Inc., a wholly-owned step-down subsidiary of Sterling and Wilson Renewable Energy Limited. The announcement was made on September 22, 2025.
Details of the Award
The Tribunal dismissed claims of USD 55.06 million (approximately INR 485.64 Crore) made by Sterling and Wilson Solar Solutions Inc. However, the Tribunal granted Conti, LLC, USA a claim amount of USD 6.44 million (approximately INR 56.80 Crore) plus interest.
Source: BSE