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Jayshree Chemicals must reimburse Grasim Industries Rs 30.86 crore following a court ruling on a caustic soda plant dispute

06-Aug-26 15:34 Hrs IST

Jayshree Chemicals Limited announced that the Commercial Court in Bhubaneswar has dismissed its petition and upheld an arbitral award dated April 12, 2024, in a dispute with Grasim Industries Limited concerning a business transfer agreement for a caustic soda plant in Odisha. The award mandates Jayshree Chemicals to reimburse Grasim Industries Rs 2.11 Cr with interest, Rs 28.70 Cr towards remediation costs, and Rs 25 lakhs for arbitration costs, totaling approximately Rs 30.86 Cr. The company intends to pursue legal options to challenge the order, which is expected to negatively impact its financial position.

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2	13-02-2026	Admin	RFP for Housekeeping and Security Guard	Closed
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4	28-01-2026	IT	RFP for Procurement of Sophos Firewall	Closed
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	27-01-2026	IT & IT Back office	RFP - for Appointment of IAAP Certified Accessibility professionals as Auditors	Cancelled
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9	02-09-2025	IT	RFP for Procurement of Server	Closed
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11	14-07-2025		RFP document for the Cloud Voice Logger	Closed
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15	18-02-2025	IT	RFP for Procurement of HP Hard Disk	Closed
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16	18-02-2025	IT	RFP for Procurement of HP Server	Closed
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17	07-12-2024	Administration	RFP for office premises on lease at Chennai	Closed
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20	22-11-2023	Compliance	Procurement of AML/PML software Solution - VC Meeting Link for opening of Tender Box on 22/11/2023 at 4.30 pm	Closed
20	16-10-2023	Compliance	RFP for Procurement of AML/PML software solution
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22	28-10-2024	IT	RFP for Procurement of Firewall	Closed
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23	12-07-2023	ADMIN	RFP for Premises on Lease for Ahmedabad Branch
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24	07-07-2023	CS	RFP for Secretarial Audit
25	26-06-2023	IT	RFP for AMC of Online UPS system installed at IFINs Branch office	Closed
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26	16-06-2023	IT	E-tender for engagement of annual system audit and cyber security audit agency	Closed
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27	15-06-2023	IT	RFP for AMC of 30KVA Online UPS system	Closed
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28	30-05-2023	ADMIN	RFP for Premises on Lease for Ahmedabad Branch	Cancelled
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29	24-05-2023	ADMIN	RFP for Premises on Lease for Salem Branch	Closed
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30	24-04-2023	IA	Extension Of RFP iCOM IA for FY 2023-2024	Closed
31	25-04-2023	CS	Extension Of RFP for Seeking Quotations for Secretarial Audit Of IFIN Group for FY 2022-2023	Cancelled
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32	02-05-2023	IA	RFP For Appointment Of Internal Auditor for July 2023 - March 2024	Closed
33	02-05-2023	IA	RFP For Appointment Of Internal Auditor for July 2023 - March 2024 for operations, accounts and control related activities.	Closed
34	24-04-2023	CS	RFP PCS Empannelment for ROC filing 2022-23	Closed
35	24-04-2023	IA	RFP For Appointment Of Internal Auditor iCOM 23-24	Closed
36	14-03-2023	IA	RFP for appointment of internal auditor in the iCOM	Closed
37	25-04-2023	CS	RFP For Secretarial Audit 22-23	Closed