IRB Infrastructure Developers has informed that pursuant to the measures approved by the Cabinet Committee on Economic Affairs (CCEA) for revival of the construction sector directing government agencies to pay ‘75% of the arbitral award amount against Bank Guarantee where government agencies have challenged the arbitral award’; IRB Goa Tollway - Wholly owned subsidiary of the Company (‘IRBGT’) has received from NHAI Rs 241.89 Crore against the Bank Guarantee submitted by IRBGT as 75% of the Arbitral Award amount pronounced by the Arbitral Tribunal.
The above information is a part of company’s filings submitted to BSE.
