RSWM Limited Receives Arbitration Award
RSWM Limited announced on April 2, 2026, that it received an arbitration award from an Arbitral Tribunal on April 1, 2026, concerning payment of electricity power charges and interest receivable on Compulsory Convertible Debentures (CCDs) issued by LNJ Power Venture Limited.The award relates to two matters: a power purchase agreement (PPA) and the payment of interest on CCDs. The Arbitral Tribunal has awarded Rs. 17,67,58,854 with interest at 15% for the PPA matter. RSWM Limited stated that a provision for this liability was already accounted for, and there will be no impact on profitability.
Regarding the interest on CCDs, the Arbitral Tribunal has determined that payment is not due until certain conditions are met. RSWM Limited estimates the outstanding interest receivable to be approximately Rs. 29 crores as of March 31, 2026. The company is currently undergoing legal evaluation of the awards and exploring legal options.
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