GPT Infraprojects Limited Receives Arbitration Award of Rs. 3.89 Crores
GPT Infraprojects Limited announced on April 2, 2026, that an arbitration award has been declared in favor of GPT-SMC (JV). The award stems from arbitration proceedings held between GPT-SMC (JV) and the Kolkata Municipal Corporation (KMC).The arbitration, overseen by Sole Arbitrator Justice Retired Mr. Shahidullah Munshi, concluded with a ruling that GPT-SMC (JV) is entitled to receive Rs. 3.89 Crores from the KMC. This award relates to the Construction of Jetty and Raw Water Pumping Station at Ma-Er Ghat (Baghbazar) for the Dhapa Water Treatment Plant.
The company stated that the settlement will have no negative impact on its financial position.
| Sl. No. | Name of the Project | Brief detail of award | Impact of such settlement on Financial Position of the listed entity |
|---|---|---|---|
| 1 | Construction of Jetty and Raw Water Pumping Station at Ma-Er Ghat (Baghbazar) for Dhapa Water Treatment Plant. | Award declared by the Sole Arbitrator : Sole Arbitrator, Justice Retired Mr. Shahidullah Munshi has held that GPT-SMC JV is entitled to receive an amount of Rs. 3.89 Crores from KMC. | No Negative Impact |
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