PNC Infratech Receives Settlement Funds from NHAI under Vivad-se-Vishwas Scheme
PNC Infratech Limited successfully realized a significant settlement amount from the National Highways Authority of India (NHAI) on May 22, 2026. The funds pertain to a one-time settlement of an arbitration award concerning the Agra Bypass EPC Project.The Company received a net amount of Rs. 2,128,190,137,464.00 (Two hundred twenty-eight crores ninety lakhs thirty-seven thousand four hundred sixty-four only) after the deduction of tax at source (TDS). This realization follows the execution of a Settlement Agreement on May 12, 2026, between NHAI and PNC Infratech Limited.
The settlement was reached under the 'Vivad Se Vishwas III (Contractual Disputes)' Scheme of the Government of India. The total agreement amount formalized by the Company and NHAI was Rs. 234,99,03,4651.
Dispute and Settlement Details
The dispute details surrounding the settlement are summarized below:| Particulars | Details |
|---|---|
| Party to Name of Dispute | PNC Infratech Limited (Project: Agra Bypass EPC Project) |
| Opposing Party | National Highways Authority of India (NHAI/Procuring Entity) |
| Forum | 'Government e-Market Place (GeM)' Portal under Vivad-se-Vishwas III (Contractual Disputes) Scheme |
| Brief details of Dispute | Following an offer from NHAI on May 5, 2026, a Settlement Agreement was executed by the Company with NHAI on May 12, 2026, for an amount of Rs. 234,99,03,4651, payable to the Company by NHAI. Subsequently, the Company received a net amount of Rs. 2,128,190,37,464.00 (net of TDS) on May 22, 2026. |
Financial Implications
The Company noted the positive financial implications of this realization. The expected positive financial implication, inclusive of TDS, is reported as Rs. 234.99 Crores, mirroring the quantum of the claims.PNCINFRA Stock Price Movement
On Friday, shares of PNC Infratech Limited slipped by 0.16% to close at ₹212.80. The stock shed ₹0.35 during the session, finishing with a total trading volume of 1.22 million shares.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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