The Commercial Court in Dehradun, Uttarakhand, has directed the Public Works Department of the Uttarakhand Government to deposit Rs. 811.4 mn payable under an arbitration award in favour of MBL Infrastructure. The order was dated 5 October 2026, while the arbitration award relates to a road project in Udham Singh Nagar district.

The award, dated 14 December 2024, concerns the improvement and strengthening of roads under Package No. C-2 in Uttarakhand. According to the company’s regulatory filing, interest on the awarded amount is continuing at 12 per cent a year until the date of payment to MBL Infrastructure.

The court’s direction requires the state department to deposit the amount awarded in the arbitration proceedings. The filing did not provide a payment deadline or indicate whether the department intends to challenge the order. It also did not specify the accounting treatment or the expected impact of the receipt on the company’s financial results.

MBL Infrastructure was established in 1995 and has been listed since 2010. The company undertakes projects across roads and highways, including construction, build-operate-transfer and operations and maintenance activities, as well as building, housing and urban infrastructure works.

Its other business areas include railways and metro projects, along with related infrastructure activities. The company also operates quarrying, concrete, bitumen, construction materials and tolling divisions, according to the filing. It has executed projects across India.

The company cautioned that statements concerning future developments may be subject to risks and uncertainties, including regulatory changes, local political or economic developments and technological risks. It stated that actual results could differ materially from those indicated by such statements and that it would not undertake to publicly update them in response to subsequent events or circumstances.