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UK energy firm files lawsuit against Wipro

News: According to The Economic Times, UK based renewal energy supplier Drax ( Previously Haven Power) has filed US$41 mn lawsuit against Wipro for allegedly submitting the proposal and then being unable to handle the project and associated deliverables. Wipro had proposed a new billing and management system for the company.

Views: Wipro had faced a similar lawsuit four years ago from National Grid where It had filed US$140 mn lawsuit against the company, which was settled down to US$75 mn without admitting any wrongdoing by the company. The financial impact may not be huge ( if settlef for US$41 then

Impact: Neutral