Award24 Aug 2026, 05:30 pm
Afcons Infrastructure Wins ₹335.50 Cr Arbitration Award
AI Summary
Afcons Infrastructure Limited has received an arbitral award of ₹335.50 Crores in its favor against the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA). The award, received on August 24, 2026, includes a principal amount of ₹152.25 Crores and pre-award and pendente lite interest of ₹183.25 Crores. This award is expected to have a positive impact on the company's financial position, subject to the counterparty not challenging it within the stipulated legal period.
Key Highlights
- Afcons Infrastructure awarded ₹335.50 Crores in arbitration.
- Award includes principal of ₹152.25 Cr and interest of ₹183.25 Cr.
- Arbitration was against Uttar Pradesh Expressways Industrial Development Authority.
- Award received on August 24, 2026.
- Positive financial impact expected for the company.
Price Impact
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