SEPC has informed that the Company has executed a Settlement Deed with its client, Hindustan Copper, for full and final settlement of the inter-se claims and counterclaims, pursuant to the Settlement Agreement dated 08/12/2025, in respect of the arbitration proceedings ongoing in Case No. AP No.163 of 2023. As per the terms of the settlement, SEPC will receive a total amount of Rs. 30,44,80,495/-. Consequently, the existing arbitration proceedings shall stand closed, and a supplementary work order valued at Rs. 72,54,57,640/- will be issued in respect of the existing order on vertical shaft sinking work.
The above information is a part of company’s filings submitted to BSE.
