National Aluminium Company Ltd has received $8.05 million or around Rs 54 crore in an out-of-court settlement with a US firm. This ends a long-drawn litigation with Peak Chemical Corporation Inc of the US. The case related to a 1994 supply contract for a specific variety of caustic soda used in the alumina refinery.

The Delhi High Court in February 2012 had dismissed the appeal of Peak Chemical Corporation against the award of the arbitrator in its dispute with public sector Nalco.

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