Sterling and Wilson Solar Solutions, Inc. USA (SWSS) has reached a settlement with OEG Inc. to resolve claims and counterclaims stemming from an arbitration initiated by OEG. As part of the settlement, SWSS will make a payment of $2.25 million (approximately INR 19.95 Crore) to OEG in two installments, concluding the dispute.
Settlement Agreement Details
A settlement agreement has been reached on October 9, 2025, between Sterling and Wilson Solar Solutions, Inc. USA (SWSS) and OEG Inc. This agreement aims to resolve existing claims and counterclaims that arose from an arbitration process started by OEG.
Financial Terms of the Settlement
According to the terms, Sterling and Wilson Solar Solutions, Inc. USA will pay OEG Inc. a total of $2.25 million, which is equivalent to approximately INR 19.95 Crore. This Settlement Payment will be made in two installments:
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< li>$0.75 million (approximately INR 6.65 Crore) is due on or before October 16, 2025.
< li>The remaining $1.50 million (approximately INR 13.30 Crore) is scheduled for payment on or before November 8, 2025.
Impact on Financial Position
The settlement is expected to have a financial impact of INR 19.95 Crore.
Source: BSE
