Thermax directed to repair, reinstate Gas Turbo Generator at the customer’s plant at own expense
The Arbitrator dismissed other claims and counter claims made in the matter. Thus, the award would have an estimated total financial impact of approximately ₹250 crore on Thermax, it added.
Thermax Ltd, the energy and environment solutions company, has been directed by an Arbitral Tribunal to repair and reinstate two Gas Turbo Generator (GTGs) at a customer’s plant at the company’s own cost and expenses.
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