GPT Infraprojects Limited has informed the Exchange about intimation of award of arbitration proceedings
GPTINFRA · price
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GPT Infraprojects, through its joint venture GPT-SMC JV, has won an arbitration award against the Kolkata Municipal Corporation (KMC). The dispute related to the construction of a Jetty and Raw Water Pumping Station at Ma-Er Ghat (Baghbazar) for the Dhapa Water Treatment Plant. The Sole Arbitrator, retired Justice Shahidullah Munshi, ruled in favor of GPT-SMC JV, entitling it to receive Rs. 3.89 Crores from KMC. The award was received on April 2, 2026. The company has stated there is no negative impact on its financial position, implying a positive inflow.
Mildly positive for shareholders — the company has successfully recovered a disputed amount of Rs. 3.89 Crores, resolving a long-pending arbitration in its favor. While the monetary value is small relative to typical project sizes, the outcome confirms the strength of the company's claim and removes uncertainty around this dispute.