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Published 14 days ago

Sterlite Tech's Rs 145 Crore Claim Rejected By Arbitrator In BSNL Dispute

Summary by NDTV Profit
An arbitrator has rejected broadband technology company Sterlite Technologies' claims worth Rs 145 crore against BSNL in an optical fibre cable laying project, a regulatory filing said on Friday.Sterlite Technologies said that it is evaluating options to challenge the award of the arbitrator."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 c…

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