Sterlite Technologies' Rs 145 crore claim against BSNL rejected
By MYBRANDBOOK
An arbitrator has rejected broadband technology company Sterlite Technologies' claims worth Rs 145 crore against BSNL in an optical fibre cable laying project. Sterlite Technologies said that it is evaluating options to challenge the award of the arbitrator. STL said in the filing that BSNL had deducted payments to the tune of Rs 145.02 crore for trenching done at a depth lesser than 165 cms duly approved by BSNL, due to legitimate site constraints.
STL filed its claims towards wrongful imposition of depth penalty by BSNL. The arbitrator has rejected STL's claims vide award dated April 18, 2024.
The Arbitration was before Justice Badar Durrez Ahme, former Chief Justice Jammu and Kashmir High Court.
STL is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise and Data Centre networks. The company, driven by its purpose of ‘Transforming Billions of Lives by Connecting the World’, designs and manufactures in 4 continents with customers in more than 100 countries.
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