PNC Infratech Limited has successfully executed a settlement agreement with the National Highways Authority of India (NHAI) for the Agra Bypass Project. Under the Vivad-se-Vishwas III (Contractual Disputes) scheme, the company is set to receive a settlement amount of ₹234.99 crore. This resolution marks a positive financial development, ensuring the recovery of dues related to the project through the government’s dispute resolution framework.
Details of the Settlement
On May 12, 2026, PNC Infratech Limited formalized a settlement agreement with the National Highways Authority of India (NHAI). This move comes in response to an offer made by the NHAI on May 5, 2026, aimed at resolving long-standing contractual disputes associated with the Agra Bypass Project.
Financial Impact
The settlement involves a one-time payment of ₹234,99,03,465 to be received by the company from the NHAI. The firm has classified this development as having a positive financial impact, reflecting the successful closure of the dispute under the government-backed Vivad-se-Vishwas III initiative. This capital inflow is expected to strengthen the company’s liquidity position and resolve issues surrounding the specific EPC project.
Resolution Mechanism
The dispute was processed through the Government e-Market Place (GeM) portal, which serves as the designated platform for the scheme. By opting for this route, PNC Infratech has effectively finalized the legal and financial claims concerning the Agra Bypass Project, ensuring the settlement is binding and concluded according to the official scheme guidelines.
Source: BSE
