MBL Infrastructure has informed that the Learned Arbitral Tribunal passed unanimous Award dated 23.03.2024 in favour of the Company against Public Works Department, Government of Uttarakhand for a completed Road project of ‘Improvement / Strengthening of State Roads, Contract Package no. 5’ in the state of Uttarakhand for a sum of Rs 17.24 crores (including interest upto the date of Award) plus future interest of 12% p.a. from the date of Award to the actual date of payment unless the same is paid within 90 days of the date of the Award along with declaratory award of GST.
The above information is a part of company’s filings submitted to BSE.
