StockWatch
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Civil Construction
Award28 Jul 2026, 12:15 pm

MBL Infra Wins ₹82.77 Cr Arbitration Award Against Uttarakhand PWD

AI Summary

MBL Infrastructure Ltd has announced a significant victory in arbitration, with the Commercial Court, Dehradun dismissing petitions filed by the Public Works Department, Government of Uttarakhand. These petitions challenged an arbitration award dated December 14, 2024, which was in favor of MBL Infrastructure for the 'Improvement and Strengthening of Roads in the District of Udham Singh Nagar' project. The arbitration award, including interest, amounts to ₹82.77 crores as of July 27, 2026, with further interest accruing at 12% per annum until payment. The company is actively pursuing its receivables, engaging in negotiations, discussions, arbitrations, and litigations to resolve disputes amicably and maintain client relationships.

Key Highlights

  • Commercial Court dismisses PWD petitions against MBL Infra's arbitration award.
  • Award value stands at ₹82.77 Cr as of July 27, 2026, with ongoing interest.
  • Project relates to road improvement in Udham Singh Nagar, Uttarakhand.
  • MBL Infra is actively pursuing receivables through various dispute resolution methods.