Award28 Jul 2026, 11:33 am
MBL Infra Wins Arbitration Award Worth ₹82.77 Cr
AI Summary
MBL Infrastructure Ltd has received a significant update regarding an arbitration award. The Commercial Court in Dehradun has dismissed petitions filed by the Public Works Department, Government of Uttarakhand, against an arbitration award dated 14.12.2024. This award is in favor of MBL Infrastructure for the 'Improvement and Strengthening of Roads in the District of Udham Singh Nagar' project. The value of the award, including interest as of July 27, 2026, stands at ₹82.77 crores, with further interest accruing at 12% per annum until payment. This development is a positive outcome for the company, reinforcing its claim and financial recovery from the project.
Key Highlights
- Commercial Court dismissed PWD petitions against arbitration award.
- Award in favor of MBL Infra for Udham Singh Nagar road project.
- Award value is ₹82.77 Cr as of July 27, 2026.
- Further interest of 12% p.a. applicable until payment.
Price Impact
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