For the best experience use Mini app app on your smartphone
Patel Engineering to settle US lawsuit for $5 million
short by / on 15 Oct 2025,Wednesday
Patel Engineering announced an in-principle agreement to settle a lawsuit in the United States. The lawsuit claimed an escalated liability of approximately $40 million. The settlement proposes a payment of approximately $5 million by PEL, a significant reduction. The settlement amount will be provided for in the Q2 FY26 financial statements.
short by / 04:46 pm on 15 Oct
For the best experience use inshorts app on your smartphone