STL BSNL CASE

Arbitrator rejects Sterlite Technologies' Rs 145 crore claim against BSNL

"BSNL had deducted payments to the tune of Rs 145.02 crore for trenching done at a depth lesser than 165 cms duly approved by BSNL, due to legitimate site constraints. STL filed its claims towards wrongful imposition of depth penalty by BSNL. The arbitrator has rejected STL's claims vide award dated April 18, 2024," STL said in the filing.