Key Quantitative Figures

  • Total Settlement Amount: ₹234,99,03,465.00 (Two Hundred Thirty-Four Crores Ninety-Nine Lakhs Three Thousand Four Hundred Sixty-Five Only)
  • Net Amount Received: ₹212,90,37,464.00 (Two Hundred Twelve Crores Ninety Lakhs Thirty-Seven Thousand Four Hundred Sixty-Four Only)
  • Tax Deducted at Source (TDS): ₹22,08,66,001.00 (implied difference between gross and net amounts)

Dates of Action

  • Settlement Agreement Execution Date: May 12, 2026
  • Payment Receipt Date: May 22, 2026 (evening)
  • Company Intimation Date: May 22, 2026
  • Reference to Earlier Intimations: Dated May 5, 2026, and May 12, 2026

Parties Involved

  • Company/Recipient: PNC Infratech Limited
  • Opposing Party/Payer: National Highways Authority of India (NHAI)
  • Platform for Dispute Resolution: Government e-Marketplace (GeM) Portal

Details of Dispute and Resolution

  • Project: Agra Bypass EPC Project
  • Scheme: Vivad-se-Vishwas III (Contractual Disputes) Scheme of Government of India
  • Nature of Resolution: One-time settlement pursuant to an offer made by NHAI on May 5, 2026.
  • The Settlement Agreement was executed on May 12, 2026.

Financial and Operational Impact

  • Stated Impact: Positive
  • Quantum of Claim: ₹234.99 Crores (gross amount inclusive of TDS)
  • The entire claimed amount has been received.

Capital Structure and Cash Flow Implications

  • The disclosure confirms a cash inflow of ₹212.90 Crores (net of TDS) to the company.
  • No specific details on the use of proceeds or impact on capital structure are provided.