
Award1 Aug 2026, 04:50 pm
PNC Infratech Wins ₹244 Cr Arbitration Award from UP PWD
AI Summary
PNC Infratech Limited has announced a significant arbitration award in its favor for an amount of ₹244.09 Crores. The award pertains to an EPC project executed for the Public Works Department, Government of Uttar Pradesh (UP PWD). The Arbitral Tribunal, comprising esteemed former Supreme Court judges, published the award on July 31, 2026. The tribunal has directed UP PWD to pay the awarded amount within six months, with a provision for 9% annual interest if payment is delayed. This successful realization of the award is expected to have a positive financial impact on the company.
Key Highlights
- PNC Infratech secured a ₹244.09 Crore arbitration award.
- The award is for an EPC project executed for UP PWD.
- Payment is due within six months, with interest on delay.
- Positive financial implications are expected for the company.
Price Impact
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