PNC Infratech Limited has received a significant arbitration award of ₹244.09 crore against the Public Works Department (UP PWD) of Uttar Pradesh. The award pertains to an EPC project executed for the department. The Arbitral Tribunal directed payment within six months, with interest at 9% per annum if delayed. Successful realization is expected to positively impact the company’s financials.
Major Arbitration Award Secured
PNC Infratech Limited has been awarded a substantial sum of ₹244,09,35,262/- (Rupees Two Hundred Forty-Four Crore Nine Lakh Thirty-Five Thousand Two Hundred Sixty-Two Only) through an arbitration award. This award was published on July 31, 2026, following a hearing in New Delhi.
Project Background and Arbitration Details
The dispute originated from an EPC project executed by PNC Infratech for the Public Works Department, Government of Uttar Pradesh (UP PWD). The project involved the “Rehabilitation and upgradation of Sonauli to Gorakhpur Section (Km. 0+000 to Km. 80+000) of NH 29E in Uttar Pradesh” under NHDP Phase IV. Disputes arose during the execution, leading to the invocation of arbitration.
Arbitral Tribunal and Award Outcome
The Arbitral Tribunal, comprising Justice Mr. G. S. Sirighvi (Presiding Arbitrator), Justice Dr. B. S. Chauhan, and Justice Mr. S. Ravindra Bhat, issued a majority award in favor of PNC Infratech Limited. The tribunal has directed the respondent (UP PWD) to pay the awarded amount within 6 months from the date of the award. Should the payment be delayed beyond this period, future interest at the rate of 9% per annum will be applicable on the awarded sum.
Financial Implications
The company anticipates that the successful realization of this arbitration award will have a positive impact on its future financial performance.
Source: BSE
