PNC Infratech Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
PNCINFRA · price
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PNC Infratech Limited has executed a settlement agreement with the National Highways Authority of India (NHAI) for the Agra Bypass Project. The settlement, amounting to Rs. 234.99 crore (approximately Rs. 235 crores), was completed on 12 May 2026 under the Government of India's Vivad-se-Vishwas III (Contractual Disputes) Scheme. This is a one-time settlement payment that the company will receive from NHAI. The dispute was previously filed through the Government e-Market Place (GeM) portal under the scheme. The financial implication is positive for the company.
This settlement represents a positive cash inflow of Rs. 235 crore for PNC Infratech, which should boost the company's cash reserves and may have a favorable impact on the stock price. It resolves a contractual dispute with NHAI amicably.