Award30 Jun 2026, 02:34 pm
Afcons Infrastructure Wins ₹148.67 Cr Arbitration Award
AI Summary
Afcons Infrastructure Ltd has received a favourable arbitration award amounting to INR 148.67 Crores. This award pertains to claims arising from a Tunnel Project, specifically the construction of Tunnel T74-R balance work on the Dharaam-Qazigund section of the USBRL Project in Jammu and Kashmir. The Arbitral Tribunal has also directed the release of Afcons' Bank Guarantee. The company anticipates a positive impact on its financial position, subject to the counter-party not challenging the award within the stipulated legal period.
Key Highlights
- Afcons Infrastructure awarded ₹148.67 Crores in arbitration.
- Award relates to a Tunnel Project on the USBRL Project.
- Bank Guarantee to be released as part of the award.
- Positive financial impact expected for the company.
- Award is conditional on no counter-party challenge.
Price Impact
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