Kaithal Tollway Limited (KTL), an SPV of IRB InvIT Fund, has secured a unanimous Arbitral Award against the National Highways Authority of India (NHAI) dated February 27, 2026. IRB Infrastructure Developers, as the Sponsor, is entitled to Rs.273.54 crore plus applicable interest. The award also grants a crucial Concession Period extension of 136.77 days, compensating for construction delays caused by NHAI.
Key Update on Kaithal Tollway Arbitration
IRB Infrastructure Developers Ltd has announced a significant development concerning its Special Purpose Vehicle (SPV), Kaithal Tollway Limited (KTL), which is part of the IRB InvIT Fund. KTL has successfully received a unanimous Arbitral Award on February 27, 2026, following arbitration proceedings initiated against the National Highways Authority of India (NHAI).
Financial and Operational Entitlements
As the Sponsor and Project Manager for KTL, the Company is entitled to a monetary award totaling Rs.273.54 crore. This amount is to be paid along with interest applicable up to the date of realization. Beyond the financial settlement, the award also grants a substantial operational benefit: a Concession Period extension of 136.77 days.
This extension has been specifically attributed to construction delays previously caused by NHAI, as per the applicable transaction documents governing the project.
Company Confirmation
The company has requested that this update regarding the favorable arbitration outcome be taken on record. The filing was authorized and signed by Mehul Patel, Company Secretary, on February 27, 2026.
Source: BSE
