Business Update22 May 2026, 07:01 pm
PNC Infratech Receives ₹228.9 Cr from NHAI Settlement
AI Summary
PNC Infratech Ltd. announced the receipt of ₹228.9 Crores (net of TDS) on May 22, 2026, from the National Highways Authority of India (NHAI) as a one-time settlement of an arbitration award under the 'Vivad Se Vishwas III (Contractual Disputes)' Scheme. This follows a Settlement Agreement executed on May 12, 2026, for ₹234.99 Crores. The dispute pertains to the Agra Bypass EPC Project, with the settlement processed through the Government e-Market Place (GeM) Portal.
Key Highlights
- PNC Infratech receives ₹228.9 Cr (net of TDS) from NHAI settlement.
- Settlement under 'Vivad Se Vishwas III' for Agra Bypass EPC Project.
- Total settlement amount agreed at ₹234.99 Crores.
- Settlement Agreement executed with NHAI on May 12, 2026.
- Dispute resolution via Government e-Market Place (GeM) Portal.
Price Impact
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