PNC Infratech settles arbitration award for ₹234.72 Crore under V-s-V Scheme III
PNC Infratech accepted NHAI's offer of ₹234.72 Crores to settle an arbitration award of ₹485.28 Crores under the Vivad-se-Vishwas III Scheme. The settlement includes 45% of the award plus 9% interest. NHAI will process the payment within 30 days of settlement agreement signing.
The settlement of a major arbitration award for ₹234.72 Crores will have a significant positive financial impact on the company's balance sheet and cash flows.
The settlement of a large arbitration award for a significant amount represents a positive resolution for the company, bringing in substantial funds and reducing future litigation risks.
PNC Infratech Limited has accepted an Offer from National Highways Authority of India (NHAI) for a One-Time Settlement of an arbitration award under the Vivad-se-Vishwas III (Contractual Disputes) Scheme. The arbitration award, originally published in favor of PNC Infratech on May 17, 2025, was for an amount of ₹485.28 Crores in connection with the EPC project 'Construction of Balance work of new four lane Agra Bypass'.
Under the V-s-V Scheme III, NHAI has offered to pay ₹234.72 Crores, which includes 45% of the net arbitration award and 9% per annum simple interest up to April 30, 2026. The company accepted this offer on May 5, 2026. In addition, PNC Infratech is eligible to receive further interest at 9% per annum for five additional days, from May 1, 2026, to May 5, 2026, amounting to approximately ₹0.27 Crores. NHAI will process the acceptance and make the payment within 30 days of signing the settlement agreement.
The company also stated that the trading window for dealing in its securities has been closed for designated employees and connected persons, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
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PNC Infratech Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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