PNC Infratech Accepts Rs 2.35 Billion NHAI Settlement Offer

12 May 2026 CW Team

The NHAI is the nodal agency overseeing national highway projects and the settlement relates to contractual or payment differences arising from the Agra bypass contract. PNC Infratech had engaged with the authority under the scheme created to expedite resolution of such disputes and settle claims without prolonged litigation. The action is intended to bring closure to the matter between the parties. The process under the scheme aims to reduce legal costs and speed up settlements for contractors and the authority.

The company indicated that the financial effect of the settlement will be reflected in its statements and will alter the carrying value of affected receivables or liabilities. Management will account for the settlement in accordance with applicable accounting norms and disclose the outcome in periodic financial reports. The clearing of this claim will allow the firm to focus management attention on ongoing construction and tender activities. Accounting treatments will follow prevailing standards and will be detailed in the next financial disclosures.

The settlement follows policy measures aimed at resolving legacy disputes in infrastructure contracts and mirrors similar resolutions undertaken by other contractors in recent years. PNC Infratech continues to pursue project execution and delivery across its portfolio while monitoring contractual risks. The company confirmed that it remains engaged in routine project implementation and compliance activities. The acceptance of the offer removes an element of uncertainty surrounding the contract and permits clearer allocation of resources to active sites.

PNC Infratech has accepted a settlement offer of Rs 2.35 billion (bn) from the National Highways Authority of India (NHAI) under the Vivad se Vishwas III dispute resolution scheme for the Agra bypass project. The company said the acceptance resolves the specific claim addressed in the offer and constitutes a settlement of outstanding dues related to the project. The settlement amount will be recorded in the company accounts in the relevant reporting period. The settlement pertains solely to the identified claim and does not affect other contracts. The NHAI is the nodal agency overseeing national highway projects and the settlement relates to contractual or payment differences arising from the Agra bypass contract. PNC Infratech had engaged with the authority under the scheme created to expedite resolution of such disputes and settle claims without prolonged litigation. The action is intended to bring closure to the matter between the parties. The process under the scheme aims to reduce legal costs and speed up settlements for contractors and the authority. The company indicated that the financial effect of the settlement will be reflected in its statements and will alter the carrying value of affected receivables or liabilities. Management will account for the settlement in accordance with applicable accounting norms and disclose the outcome in periodic financial reports. The clearing of this claim will allow the firm to focus management attention on ongoing construction and tender activities. Accounting treatments will follow prevailing standards and will be detailed in the next financial disclosures. The settlement follows policy measures aimed at resolving legacy disputes in infrastructure contracts and mirrors similar resolutions undertaken by other contractors in recent years. PNC Infratech continues to pursue project execution and delivery across its portfolio while monitoring contractual risks. The company confirmed that it remains engaged in routine project implementation and compliance activities. The acceptance of the offer removes an element of uncertainty surrounding the contract and permits clearer allocation of resources to active sites.

Infrastructure Energy

05 Jun 2026

India Adds Record 44.61 GW Solar Capacity in FY2026

India’s solar sector reached a milestone in FY2026, with cumulative installed capacity crossing 150 GW and annual additions hitting a record 44.61 GW, exceeding the government target of 34 GW and nearly doubling FY2025’s 23.83 GW. Distributed Renewable Energy contributed 16.3 GW, while PPA and C&I segments accounted for 34 per cent and 30 per cent, respectively.India has risen from 9th globally in 2015 to 3rd in cumulative solar capacity by 2025 and is set to become the world’s second-largest solar market in annual installations in 2026. Seven states, led by Rajasthan and Gujarat, ac..

Real Estate

05 Jun 2026

Abhee Ventures unveils Scottish-themed 45-acre township in Bengaluru

Abhee Ventures, a leading South Indian real estate developer, has announced “Codename New Dimension,” a 45-acre Scottish-themed residential township at Gunjur on Whitefield–Sarjapur Road, Bengaluru. Strategically located between Whitefield and Sarjapur Road, Gunjur benefits from strong connectivity to the Outer Ring Road IT corridor, ITPL, EPIP, the upcoming Dommasandra Metro Station, and the proposed SWIFT City and Peripheral Ring Road.The township, designed in collaboration with London-based UHA London and India’s RSP Architects, offers low-density living with 85 per cent open spaces..

Infrastructure Urban

05 Jun 2026

Hindalco unveils Eternia experience centre for high-performance aluminium windows

Hindalco Industries, the metals flagship of the Aditya Birla Group, has launched its Eternia experience centre in Lajpat Nagar, New Delhi, highlighting its high-performance aluminium window systems designed for India’s evolving construction sector. The company is also expanding its manufacturing footprint in North India with a new Bilaspur facility.Eternia has emerged as one of the fastest-growing brands in system aluminium windows, registering nearly 65 per cent CAGR over the last three years. With a nationwide network of 170+ channel partners across 100+ cities, the brand serves homeowners..