Deals13 Jul 2026, 02:29 pm
Roadstar Infra Trust Subsidiary Settles NHAI Dispute for ₹499.09 Cr
AI Summary
Roadstar Infra Investment Trust announced that its subsidiary, Pune Sholapur Road Development Company Limited (PSRDCL), has executed a Settlement Agreement with the National Highways Authority of India (NHAI) on July 10, 2026. Under the Vivad Se Vishwas-III scheme, NHAI will pay PSRDCL ₹499.09 Crore as a full and final settlement for disputes arising from an arbitral award of ₹547.96 Crore dated November 30, 2017. This settlement resolves long-standing disputes and provides financial closure for the subsidiary.
Key Highlights
- Subsidiary PSRDCL settles dispute with NHAI for ₹499.09 Crore.
- Settlement resolves disputes stemming from a 2017 arbitral award.
- Agreement reached under the Vivad Se Vishwas-III scheme.
- Provides financial closure for the subsidiary's outstanding claims.
Price Impact
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