Announced Mon, 24 Aug · 17:28 IST
Afcons wins Rs 335.50 Cr arbitration award against UPEIDA
AFCONS · price
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Price reaction · full curve 14 horizons · vs prior close
+2.2%1-day move
₹279.00
prior close
₹287.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.9-1.6-1.4-0.8+2.2+2.2+2.5+1.9+2.2+5.6-7.2———
Up moveDown movePending
AI summary
Afcons Infrastructure has won an arbitration award of Rs 335.50 Crore from an Arbitral Tribunal against Uttar Pradesh Expressways Industrial Development Authority (UPEIDA). The award includes a principal of Rs 152.25 Crore plus pre-award and pendente lite interest of Rs 183.25 Crore calculated at SBI Base Rate. The company says there will be a positive impact on its financial position, subject to UPEIDA not challenging the award within the legal window.
Likely market impact
Positive for company financials; actual cash inflow depends on whether UPEIDA challenges the award in the legal window.