Afcons Infrastructure Limited Receives Favorable Arbitration Award of INR 148.67 Crores for Tunnel Project
Afcons Infrastructure Limited announced that it has received a favorable Arbitration Award amounting to INR 148.67 Crores concerning claims arising from a major Tunnel Project. The company confirmed the receipt of the award on June 30, 2026.The Arbitral Tribunal granted the amount in favor of Afcons Infrastructure Limited for the construction of Tunnel T74-R balance work at the Dharaam-Qazigund section of the USBRL Project (Package - T-74R-A) in Jammu and Kashmir.
In addition to the financial award, the Arbitral Tribunal also directed that the Bank Guarantee held by Afcons be released. The receipt of this award is expected to have a positive impact on the financial position of the company.
Key details pertaining to the arbitration proceedings are summarized below:
| Particulars | Details |
|---|---|
| Authority Name | Arbitral Tribunal |
| Award Amount | INR 148.67 Crores |
| Project | Construction of Tunnel T74-R balance work from Adit between Km 127/660 to Km 130/950 (length 3290m) on Dharaam-Qazigund section of USBRL Project |
| Date of Receipt | June 30, 2026 |
The awarded amount is subject to the condition that the counter-party does not challenge the award within the stipulated period prescribed under law.
AFCONS Stock Price Movement
As of 2:44 PM, shares of Afcons Infrastructure Limited are slipping by 1.33% in live trading, currently registering at ₹311.65. The stock trades on a volume of 223,646 as the company continues to trade within the market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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