Sterling and Wilson Renewable Energy Limited reports that the Arbitral Tribunal has granted Conti LLC an additional amount of USD 4.97 million (approximately INR 44.45 crore) towards attorney’s fees, costs, and expenses. This is in addition to the amount previously granted under the Interim Award plus interest. The award finalizes the arbitration process detailed in the September 22, 2025 disclosure.
Arbitration Outcome
The Arbitral Tribunal has finalized its award in the matter involving Conti LLC. The award stipulates an additional payment to Conti LLC to cover attorney’s fees, costs, and expenses related to the proceedings.
Financial Impact
The additional amount awarded is USD 4.97 million, which is equivalent to approximately INR 44.45 crore. This amount is incremental to the compensation already awarded under the Interim Award, and is inclusive of applicable interest. The company initially disclosed the details of this arbitration process in its communication dated September 22, 2025.
Source: BSE