PNC Infratech Secures Arbitration Award of Rs 244.09 Crore Against UP PWD for EPC Project
PNC Infratech Limited has received an arbitration award totaling Rs 244,09,35,2621- from the Arbitral Tribunal. The award was issued on July 31, 2026, in connection with a dispute related to an Engineering, Procurement, and Construction (EPC) project executed by the company for the Public Works Department of the Government of Uttar Pradesh (UP PWD).The ruling concerns disputes that arose during the execution of the EPC Project titled "Rehabilitation and upgradation of Sonauli to Gorakhpur Section (Km. 0+000 to Km. 80+000) of NH 29E in Uttar Pradesh to two lane with paved shoulder on EPC mode under NHDP Phase - IV," which was commissioned for the Public Works Department, Government of Uttar Pradesh.
The Arbitral Tribunal that adjudicated the dispute comprised Justice Mr. G. S. Siirghvi (Former Judge, Supreme Court of India), Presiding Arbitrator; Justice Dr. B. S. Chauhan (Former Judge, Supreme Court of India), Co-Arbitrator and Justice Mr. S. Ravindra Bhat (Former Judge, Supreme Court of India), Co-Arbitrator.
Key details regarding the arbitration are summarized below:
| Particular | Details |
|---|---|
| Claimant | PNC Infratech Limited |
| Respondent | Public Works Department, Government of Uttar Pradesh (UP PWD) |
| Tribunal Composition | Justice Mr. G. S. Siirghvi, Justice Dr. B. S. Chauhan, and Justice Mr. S. Ravindra Bhat |
Through its majority award, the Tribunal ordered the Respondent to pay an amount of Rs 244,09,35,2621- (Rupees Two Hundred Forty-Four Crore Nine Lakh Thirty-Five Thousand Two Hundred Sixty-Two Only) to PNC Infratech Limited. The payment is mandated within six months from the date of the award.
The award stipulates that if the awarded amount is not paid by the Respondent within the stipulated period, future interest at a rate of 9% per annum shall be paid along with the principal amount to PNC Infratech Limited.
A successful realization of this arbitration award in the future will have a positive financial impact on PNC Infratech Limited, as indicated by the Company.
PNCINFRA Stock Price Movement
PNC Infratech Limited shares edged higher to close at ₹246.12 on Friday, logging a solid gain of 2.85%. The equity registered significant activity through the day, as evidenced by a total traded volume of 629,973 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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