Afcons Infrastructure Limited announced that the Arbitral Tribunal has delivered its decision in the arbitration matter concerning the construction of Tunnel D–Q Section of the USBRL Project – Package T-74R-B (South), executed for IRCON International Ltd. The award is expected to significantly enhance the company’s liquidity and overall financial strength.
Key Highlights
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Cash award of Rs 27.03 crore granted to Afcons Infrastructure Limited
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Return of bank guarantee worth Rs 27.54 crore, further boosting financial stability
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Arbitration proceedings were related to the USBRL Project’s tunnel construction package T-74R-B (South)
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The award was officially received on January 29, 2026
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No litigation or proceedings are pending against the company’s management or promoters in this matter
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Settlement terms indicate a positive impact on the company’s financial position, with no penalties or adverse conditions attached
Sources: Company filing with stock exchanges, Afcons Infrastructure Limited announcement