Twamev Construction and Infrastructure Limited — Important, 28-05-2025: Updates

Twamev Construction reported robust revenue of ₹85.86 Cr, including ₹21.33 Cr unbilled. It recognized ₹106.72 Cr from an arbitration award but provided ₹31.18 Cr against disputed unbilled revenue tied to a suspended project. Exceptional charges include a ₹44.33 Cr provision for bad debts and unbilled amounts, and a ₹0.5 Cr impairment on investments. Management is actively reconciling receivables and has settled guarantees related to a subsidiary’s project taken over by NHAI. The board meeting will approve the financial results for the quarter and half-year.