PNC Infratech Receives ₹212.82 Crore Settlement from NHAI
PNC Infratech Limited received ₹212.82 crore (net of TDS) on May 22, 2026, from NHAI. This is a one-time settlement for ₹234.99 crore related to the Agra Bypass EPC Project under the 'Vivad Se Vishwas III' scheme.
The settlement amount is substantial and will positively impact the company's financials, but it relates to a specific dispute resolution rather than a new large contract win.
The company has received a significant settlement amount from NHAI, resolving a dispute and bringing in funds.
PNC Infratech Limited has announced the receipt of ₹212.82 crore (net of TDS) on May 22, 2026, from the National Highways Authority of India (NHAI). This payment is part of a one-time settlement under the 'Vivad Se Vishwas III (Contractual Disputes)' Scheme. The settlement agreement, executed on May 12, 2026, was for a total amount of ₹234.99 crore towards the arbitration award for the Agra Bypass EPC Project. This realization follows earlier intimations regarding the dispute dated May 5, 2026, and May 12, 2026.
The dispute pertained to the Agra Bypass EPC Project, with NHAI being the opposing party. The settlement was facilitated through the 'Vivad-se-Vishwas III (Contractual Disputes)' Scheme, managed via the Government e-Market Place (GeM) Portal. The company anticipates positive financial implications from this settlement, with the full settlement amount being ₹234.99 crore before TDS.
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See the model portfoliosA plain-language summary of a public exchange filing by PNC Infratech Limited. Read the original for the full detail.