IRB InvIT Fund's SPV Kaithal Tollway Gets ₹273.54 Crore Award from NHAI
Kaithal Tollway Limited (KTL), an SPV of IRB InvIT Fund, received an Arbitral Award of ₹273.54 crore from NHAI on February 27, 2026. IRB Infrastructure Developers, as Sponsor and Project Manager, is entitled to this amount plus interest. The award also includes a 136.77-day concession period extension due to NHAI-caused delays.
The award amount of ₹273.54 crore is material for the company and represents a positive resolution to a dispute, impacting its financial position.
The company is set to receive a significant arbitration award of ₹273.54 crore, which is a positive financial outcome.
IRB Infrastructure Developers Limited (IRB) has announced an update regarding an arbitration proceeding involving Kaithal Tollway Limited (KTL), a Special Purpose Vehicle (SPV) of the IRB InvIT Fund. KTL has received an unanimous Arbitral Award dated February 27, 2026, in its arbitration against the National Highways Authority of India (NHAI).
As the Sponsor and Project Manager of KTL, IRB Infrastructure Developers Limited is entitled to receive a sum of ₹273.54 crore. This amount will be inclusive of applicable interest up to the date of realization. Furthermore, the award includes a Concession Period extension of 136.77 days, specifically granted to compensate for construction delays attributed to NHAI, as stipulated in the relevant transaction documents.
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IRB Infrastructure Developers Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by IRB Infrastructure Developers Limited. Read the original for the full detail.