Deals16 Mar 2024, 01:25 am
PNC Infratech Ltd Executes Settlement Agreement with National Highways Authority of India for Rs. 255.4 Crores
AI Summary
PNC Infratech Ltd has announced the execution of a settlement agreement with the National Highways Authority of India (NHAI) under the 'Vivad Se Vishwas II (Contractual Disputes)' Scheme of the Indian government. The agreement pertains to a dispute over the Four Laning of km 51 to 61 (including Chambal Bridge) on Dholpur-Morena Section of NH-3 on the North-South corridor in Rajasthan-Madhya Pradesh and amounts to Rs. 255.4 crores.
Key Highlights
- PNC Infratech Ltd executes settlement agreement with NHAI for Rs. 255.4 crores
- Dispute concerns Four Laning project on NH-3 in Rajasthan-Madhya Pradesh
- Settlement Agreement executed under the Vivad Se Vishwas II Scheme
- Amount to be received within 30 days from signing of agreement