Business Update5 May 2026, 07:01 pm
PNC Infratech Receives ₹234.72 Cr Under Vivad-se-Vishwas III Scheme
AI Summary
PNC Infratech Ltd. has received ₹234.72 Crores from NHAI under the Vivad-se-Vishwas III (Contractual Disputes) Scheme for the 'Agra Bypass Project'. This settlement is related to an arbitration award previously published in favor of the company for ₹485.28 Crores. The settlement amount includes 9% per annum simple interest up to April 30, 2026. NHAI will now process the acceptance for a settlement agreement, with payment expected within 30 days of signing. The company anticipates a positive financial implication of ₹234.72 crore plus additional interest.
Key Highlights
- PNC Infratech receives ₹234.72 Cr from NHAI under Vivad-se-Vishwas III Scheme.
- Settlement relates to 'Agra Bypass Project' arbitration award.
- Settlement includes 9% p.a. interest up to April 30, 2026.
- NHAI to process settlement agreement with payment within 30 days.
- Company expects ₹234.72 Cr financial benefit plus additional interest.