Afcons Infrastructure Limited has received a favorable arbitral award in its dispute with Uttar Pradesh Expressways Industrial Development Authority (UPEIDA). The award was received on August 24, 2026, and was intimated to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated January 30, 2026.
Details of the Arbitration Award
- Authority: Arbitral Tribunal
- Nature of Order: The Arbitral Tribunal passed an arbitral award in favor of Afcons Infrastructure Limited.
- Award Amount: ₹335.50 Crore
- Breakdown of Award:
- Principal Amount: ₹152.25 Crore
- Interest Component: ₹183.25 Crore (pre-award and pendente lite interest)
- Interest Calculation: Interest was calculated at the State Bank of India (SBI) Base Rate with quarterly rests, for the period from May 1, 2019, to August 24, 2026.
- Date of Receipt: The company received the award on August 24, 2026.
Financial Impact and Conditions
- The company stated that "There will be a positive impact on the financial position of the Company."
- The awarded amount is payable subject to the condition that the counterparty (UPEIDA) does not challenge the award within the stipulated period prescribed under law.