Intimation of award of arbitration proceedings.
Awaiting price reaction for this filing.
G R Infraprojects Limited has won an arbitration against the Chief Engineer, NH (S) wing & Road Construction Department, Government of Bihar, related to the construction of a two-lane bypass on National Highway No. 80 in Bhagalpur, Bihar. The Arbitral Tribunal declared its award on 2nd April 2025, ruling that the company is entitled to receive Rs. 106.45 crore (Rs. 106,44,92,900) from the respondent. In addition, the company will receive future interest at 12% per annum on this amount from the date of the award until realization. The company has stated there is no negative impact on its financial position from this outcome.
Positive for shareholders — the company is set to recover Rs. 106.45 crore plus 12% annual interest, which could improve cash flows and earnings once realized. The company's explicit statement of 'no negative impact' suggests this is a clean win, though actual receipt depends on the government authority honoring the award.