Afcons Infrastructure has been granted an arbitration award comprising a cash award of ₹27.03 Crore and the return of a bank guarantee of ₹27.54 Crore. The matter pertains to arbitration between Afcons and IRCON International Ltd. This favorable outcome is expected to positively impact the company’s financial position. The award was received on January 29, 2026.
Arbitration Outcome
Afcons Infrastructure has announced the receipt of a favorable arbitration award. This award includes a cash component and return of a bank guarantee related to a specific project. The official date of receiving the direction or order was January 29, 2026.
Financial Details
The arbitration award comprises a cash award of ₹27.03 Crore. In addition to the cash award, Afcons will also receive the return of a bank guarantee amounting to ₹27.54 Crore. The dispute was with IRCON International Ltd regarding the construction of a tunnel for the USBRL Project – Package T-74R-B (South).
Impact on Company Finances
The successful outcome of this arbitration is expected to have a positive impact on the financial standing of Afcons Infrastructure, with the influx of funds and the release of the bank guarantee adding to the company’s resources.
Source: BSE
