Swan Energy discloses termination of its Rs 186.67 crore EPC contract for Mumbai passenger jetty facilities by the client.
Termination follows project delays caused by public interest litigations, design changes, and subsequent time extension disputes.
Company attributes delays to factors beyond its control and will pursue cost recovery through arbitration proceedings.
Disclosure is made under SEBI LODR Regulation 30 regarding material contract termination affecting company operations.