Kolkata: Energy major NTPCNSE 0.44 % has decided to explore “statutory remedies” relating to a Rs 2,015-crore arbitration charge slapped on it in a fuel-supply dispute against Jindal ITF (JITF). The charge, believed to be one of the largest-ever infrastructure arbitration awards, pertains to a dispute over transhipment of coal from the high seas for NTPC’s Farakka power plant.
“We are exploring the statutory remedies available to NTPC,” an official spokesperson said.
The final award was announced by a three-member Arbitral Tribunal, consisting of Justice Vikramajit Sen (Retd), Justice B P Singh (Retd) and Justice Anil Kumar (Retd) on January 27, 2019.
