Arbitration Award Issued in Cemindia Projects Limited Dispute with DMRCL
Cemindia Projects Limited, formerly ITD Cementation India Limited, has received an arbitral award concerning a dispute with Delhi Metro Rail Corporation Limited (DMRCL). The Arbitral Tribunal (AT), which comprises three members, published the award on August 1, 2026.The contract in question was entered into on January 14, 2013, between Cemindia Projects Limited's joint venture and DMRCL. The dispute covered issues related to additional costs due to prolonged work, certain uncertified work, and recoveries.
According to the award details, the AT assessed the claims put forth by both parties.
Cemindia Projects Limited’s joint venture had claimed Rs 322.22 Crore plus Interest, GST, and Cost. The Tribunal granted an amount of Rs 212.54 Crore plus GST, along with Rs 0.87 Crore as Cost and post-award Interest to the joint venture.
DMRCL's Counter Claim, amounting to Rs 22.19 Cr plus Interest, GST, and Cost, was entirely rejected by the AT.
The financial impact of this outcome is stated to be determinable only upon the actual receipt of the awarded amount.
Details of the arbitration award are summarized in the table below:
| Aspect | Detail |
|---|---|
| Opposing Party | Delhi Metro Rail Corporation Limited (DMRCL) |
| Tribunal | 3 Member Arbitration Tribunal (AT) |
| Dispute Subject | Additional Cost due to Prolongation of Work, Uncertified Work, and Recoveries |
| JV Claim Amount | Rs 322.22 Crore + Interest + GST + Cost |
| AT Award to JV | Rs 212.54 Crore + GST + Rs 0.87 Crore as Cost + Post-award Interest |
| Counter Claim (DMRCL) | Rs 22.19 Cr + Interest + GST + Cost (Rejected) |
CEMPRO Stock Price Movement
Cemindia Projects Limited shares slipped by 0.13% on Friday, closing at ₹1367.8 after trading in the construction sector. The stock saw a volume of 464,719 shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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