PNC Infratech Limited — Others, 18-05-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
18-05-2025 | 04:30 pm
18-05-2025 | 04:30 pm
PNC Infratech has announced a favorable arbitration award of Rs. 485.27 Cr for its EPC project on the four-lane Agra Bypass for NHAI. The tribunal dismissed NHAI’s counter-claims and granted 12% annual interest on the award amount until payment. This resolution ends a long-standing dispute and is expected to strengthen the company’s cash flow and balance sheet once the amount is received, enhancing financial stability for shareholders.
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