<h1>Commercial Court Dismisses Petitions Against MBL Infrastructure Award in Uttarakhand Roads Project</h1>
The Commercial Court in Dehradun, Uttarakhand, has dismissed petitions filed by the Public Works Department, Government of Uttarakhand, concerning an arbitration award given in favour of MBL Infrastructure Ltd. The ruling pertains to the project titled 'Improvement and Strengthening of Roads in the District of Udham Singh Nagar (Package No. C-2)'.
The arbitration award, which was dated 14.12.2024, stands firm following the court's decision. As of July 27, 2026, the value of this arbitration award, including accrued interest, amounts to Rs 82.77 crores. The award also stipulates that further interest is continuing at a rate of 12% per annum until payment is made to MBL Infrastructure Ltd.
Mr. Anjanee Kumar Lakhotia, Chairman and Managing Director, stated that the company is actively managing its receivables through various negotiations, discussions with clients, arbitrations, and ongoing litigations. He noted that MBL Infrastructure consistently aims to resolve disputes amicably while maintaining long-term relationships with customers.
MBL Infrastructure Ltd., established in 1995 and listed since 2010, operates across multiple sectors of infrastructure development. The company's expertise includes Roads & Highways (Construction, BOT, O&M), Building, Housing & Urban Infrastructure, Railways/Metro, and other related projects. MBL has executed projects nationwide and possesses its own divisions covering Quarrying, Concrete, Bitumen, Construction material supply, and tolling operations.
The operational scale of the company allows it to engage in diverse infrastructure domains across India.
MBLINFRA Stock Price Movement
Shares of MBL Infrastructure Limited are rallying at 12:52 PM, trading up 3.07% in live market action to reach ₹25.20. The stock has seen a volume of 118,323 shares traded so far during the current 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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.