PNCINFRA · price
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PNC Infratech has executed a one-time settlement agreement with the National Highways Authority of India (NHAI) for the Agra Bypass Project. Under the Vivad-se-Vishwas III (Contractual Disputes) Scheme of the Government of India, the company will receive Rs. 234,99,03,465 (approximately Rs. 235 crore) from NHAI. The settlement was executed on 12 May 2026 and follows an offer made by NHAI on 5 May 2026. The dispute was handled through the Government e-Marketplace (GeM) portal under the scheme.
The settlement brings in a significant cash inflow of ~Rs. 235 crore for the company, resolving a contractual dispute with NHAI without further litigation. This is a positive development for shareholders as it eliminates uncertainty and improves the company's cash position.