PNC Infratech Wins Arbitration Award of ₹244 Crore from UP PWD
PNC Infratech secured a ₹244.09 crore arbitration award against UP PWD for an EPC project. The award mandates payment within six months, with 9% interest if delayed. Successful realization is expected to positively impact the company's financials.
The award amount of ₹244.09 crore is substantial and is expected to have a positive impact on the company's financial performance.
The company has won a significant arbitration award, which is a positive development for its financials.
PNC Infratech Limited has announced the publication of an arbitration award in its favor for an amount of ₹244.09 crore. This award pertains to an EPC project executed by the company for the Public Works Department (PWD), Government of Uttar Pradesh.
The arbitration award was published by the Arbitral Tribunal on July 31, 2026. The tribunal, comprising Justice G. S. Singhvi (Presiding Arbitrator), Justice Dr. B. S. Chauhan, and Justice Mr. S. Ravindra Bhat (all former Supreme Court Judges), adjudicated the disputes that arose during the execution of the EPC project. The project involved the rehabilitation and upgradation of the Sonauli to Gorakhpur Section of NH 29E in Uttar Pradesh.
The award mandates that the respondent, UP PWD, must pay the awarded amount of ₹244,09,35,262 to PNC Infratech within six months from the date of the award. Should the payment not be made within this period, future interest at a rate of 9% per annum will be applicable on the awarded amount. The company anticipates that the successful realization of this award will positively impact its financial performance.
What to do with a filing like this
PNC Infratech 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 high impact, which is the band that most often changes something.
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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.