Arbitration win: WVEPL gets 1423-day concession extension from NHAI

Walayar Vadakkencherry Expressway (SPV of Cube Highways Trust) won its arbitration against NHAI. The tribunal granted a 1423-day extension of the concession period and struck down NHAI's recommendation to reduce it by 1.5 years. This is positive for the trust's revenue runway from this highway asset.