Sembcorp Sues Siemens Gamesa Over Unsettled Arbitration

27 Jun 2024 CW Team

Sembcorp's Indian subsidiary has initiated legal action in a Bengaluru court to prevent Siemens Gamesa from selling its Indian business until an arbitration concerning an alleged contract default is resolved. In its submission to the Principal City Civil and Sessions Judge in Bengaluru, Sembcorp requested an injunction to halt the sale of Siemens Gamesa's Indian assets, including its shareholding.

The court has issued notices to Siemens Gamesa, according to court documents.

Sembcorp's Indian unit has filed a lawsuit against both Siemens Gamesa and its parent company, Siemens Energy AG. Reports indicate that Siemens Energy AG has decided to sell its entire Indian manufacturing, maintenance, and services business in the renewables sector, effectively signalling a withdrawal from the Indian market.

Due to these significant developments, which raise concerns about the future operations of Siemens Gamesa as a viable entity, Sembcorp sought an injunction to stop the proposed sale. Last year, Sembcorp's Indian arm took Siemens Gamesa to arbitration over a dispute related to a wind power project.

Sembcorp's wholly-owned Indian subsidiary, Green Infra Wind Energy (GIWEL), had entered into a contract with Siemens Gamesa for the supply, erection, and commissioning of a 300-megawatt wind power project, which included 143 wind turbine generators and associated transmission facilities.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..