Tata Power, Adaro International
Tata Power share price trades in green amid legal dispute with Adaro International over coal supply
Tata Power and Adaro International are currently engaged in a legal battle over a coal supply contract. Both companies are pursuing financial compensation. The dispute, centred on a 2020 agreement, has escalated to arbitration,
Tata Power, Adaro International Engage In Legal Battle Over Coal Supply Contract
Tata Power and Adaro International are currently locked in a legal dispute over a coal supply agreement, with both companies seeking compensation from each other. The Tata Group company shared an update on the case on Thursday evening.
Tata Power and Adaro International in arbitration over coal supply dispute
Tata Power Company Ltd and Adaro International are in a legal dispute over a coal supply agreement for the Trombay power plant. Both companies have filed claims against each other, with the case now at the International Court of Arbitration.
Tata Power and Adaro International go for arbitration
During the performance of the agreement, disagreements emerged between the parties. Adaro sent a notification alleging a breach by TPCL.
Tata Power, Adaro send notices to each other seeking claims over coal agreement
Adaro's notice alleged a breach and sought arbitration with a claim of $106 million, which was countered by Tata Power's counter claim of $229.947 million for non-supply of coal.
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