Tata Power shares in focus after $490 million SIAC award to Kleros Capital Partners
Shares of Tata Power Company Ltd will be in focus today after the company disclosed that it has been ordered to pay $490.32 million in damages to Kleros Capital Partners Limited by an arbitral tribunal under the Singapore International Arbitration Centre (SIAC) rules.
In an exchange filing dated July 2, 2025, Tata Power said it received the tribunal's award after business hours on July 1. The arbitration, initiated by Kleros in November 2020, alleged breach of confidentiality and non-circumvention clauses under a Non-Disclosure Agreement linked to a proposed Russian coal mining project.
The tribunal, through a 2:1 majority decision, partially upheld Kleros's claims and directed Tata Power to pay: $490.32 million in damages along with simple interest of 5.33% per annum from November 30, 2020, until payment,
$8.29 million towards legal costs with interest from July 1, 2025.
Tata Power said it is reviewing the award and evaluating all available legal options, including a possible challenge to the decision.
Strong operational performance in Q4FY25
For the fourth quarter ended March 2025, Tata Power reported a 24% year-on-year jump in consolidated net profit at ₹1,306 crore, supported by a 7.9% rise in revenue to ₹17,096 crore. EBITDA surged 39.2% YoY to ₹3,245 crore with operating margins improving to 19%.
The company's board has recommended a final dividend of ₹2.25 per share for FY25, subject to approval at the AGM on July 4, 2025.
With both the arbitration outcome and upcoming AGM in play, Tata Power stock is expected to see heightened investor interest today.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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