KEPL Secures Rs.10 Bn Arbitration Award Against NHAI

23 Aug 2024 CW Team

KEPL (Kailash Engineering Projects Limited) has successfully secured an arbitration award worth over Rs.10 billion against the National Highways Authority of India (NHAI). The award was granted in relation to compensation claims for project delays and associated financial losses.

The dispute arose over delays in completing a significant highway project, with KEPL holding NHAI responsible for the disruptions and cost overruns. After a lengthy arbitration process, the tribunal ruled in favour of KEPL, citing NHAI?s failure to meet contractual obligations and delays in providing the necessary approvals and clearances.

The arbitration tribunal's decision highlights the increasing number of construction and infrastructure-related disputes in India, particularly involving large-scale government projects. These disputes often arise due to unforeseen delays, regulatory hurdles, and environmental clearances, leading to significant financial losses for contractors and developers.

NHAI is expected to appeal the ruling, but this award sets a strong precedent in favor of private contractors working on government projects. The Rs.1,000 crore compensation will help KEPL recover from the financial impact of the delayed project and could potentially reshape how future contracts are negotiated and managed.

This ruling is part of a broader trend of contractors seeking legal recourse for delayed payments and stalled projects, which has been a growing issue in India's infrastructure development sector.

Infrastructure Urban

09 Mar 2026

Flender Inaugurates Wind Gearbox Test Rig In Chennai

Chennai, 6 March 2026: Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the installation of the largest test rig of its kind in India. The facility was inaugurated on 5 March in the presence of Andreas Evertz, CEO, Flender Group; Lars Wiegemann, Vice President – Wind Gears; and Vinod Shetty, CEO, Flender India.The test rig has been developed to support testing and validation of wind turbine gearboxes, strengthening the company’s capabilities in the renewable energy sector. The commissioning was completed within three months thr..

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..