PNC Infratech Secures One-Time Settlement of Rs 234.99 Crore in Agra Bypass Project Dispute
PNC Infratech Limited announced the successful execution of a Settlement Agreement with the National Highways Authority of India (NHAI) concerning the company's Agra Bypass Project. This one-time settlement was achieved under the 'Vivad Se Vishwas III (Contractual Disputes)' Scheme of the Government of India.The Settlement Agreement was executed on May 12, 2026. The transaction involves the National Highways Authority of India (NHAI/Procuring Entity) and PNC Infratech Limited for a total amount of Rs. 234,99,03,465 (Two hundred thirty-four crore ninety-nine lakh three thousand four hundred sixty-five only). This payment represents the final amount expected to be received by PNC Infratech Limited from NHAI.
The dispute resolution process was conducted through the 'Government e-Market Place (GeM)' portal under the 'Vivad Se Vishwas III (Contractual Disputes)' Scheme.
Details regarding the dispute and the settlement agreement are as follows:
| Detail | Description |
|---|---|
| Party to Dispute | PNC Infratech Limited (Agra Bypass Project) |
| Opposing Party | National Highways Authority of India (NHAI/Procuring Entity) |
| Dispute Forum | 'Government e-Market Place (GeM)' portal under Vivad-se-Vishwas III (Contractual Disputes) Scheme |
| Dispute Summary | Following an Offer made by NHAI on May 5, 2026, and under the guidelines of the 'Scheme', the Company executed the Settlement Agreement on May 12, 2026, for Rs. 234,99,03,465 (Rupees Two Hundred Thirty-Four Crore Ninety-Nine Lakh Three Thousand Four Hundred Sixty-Five only). |
| Financial Implication | The Company is set to receive Rs. 234,99,03,465 (Rupees Two Hundred Thirty-Four Crore Ninety-Nine Lakh Three Thousand Four Hundred Sixty-Five only) from NHAI, deemed a positive development. |
PNCINFRA Stock Price Movement
Shares of PNC Infratech Limited today slipped by 1.22% to settle at ₹218.75. The stock saw robust trading interest, with 562,595 shares transacting in the post-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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