PNC Infratech Limited has successfully realized a settlement amount of Rs. 234.99 crore from the National Highways Authority of India (NHAI). This recovery, processed through the government’s Vivad-se-Vishwas III scheme, relates to the resolution of an arbitration award for the Agra Bypass EPC Project. The company received the net amount of Rs. 228.90 crore (after TDS) on May 22, 2026, marking a positive financial impact for the organization.
Settlement Details and Realization
PNC Infratech Limited announced the formal realization of funds pertaining to a long-standing contractual dispute. The total settlement amount stands at Rs. 234.99 crore, which includes the tax deducted at source. The company officially received the net proceeds of Rs. 228,90,37,464.00 on the evening of May 22, 2026.
Resolution via Vivad-se-Vishwas III
The resolution of this dispute was achieved under the government’s ‘Vivad-se-Vishwas III (Contractual Disputes)’ scheme. Following a settlement offer made by the National Highways Authority of India (NHAI) on May 5, 2026, a formal Settlement Agreement was executed between both parties on May 12, 2026.
Project Context and Financial Impact
The settlement is specifically tied to the Agra Bypass EPC Project. The company has categorized the financial implications of this receipt as positive. This successful recovery underscores the company’s efforts to resolve legacy arbitration matters and strengthen its cash flow position, further stabilizing its working capital for ongoing infrastructure projects.
Source: BSE
