PNC Infratech Ltd has announced that it has executed a settlement agreement with the National Highways Authority of India (NHAI) under the Government of India’s Vivad-se-Vishwas III (Contractual Disputes) Scheme. The agreement relates to the Agra Bypass Project executed by the company on an EPC basis.
Under the settlement, PNC Infratech is set to receive approximately ₹235 crore from NHAI as a one-time settlement amount. The development comes as part of the government’s broader initiative to resolve contractual disputes in infrastructure and public sector projects.
PNC Infratech stated that the settlement agreement with National Highways Authority of India was executed on May 12, 2026.
The agreement follows an offer issued by NHAI on May 5, 2026, under the Vivad-se-Vishwas III (Contractual Disputes) Scheme through the Government e-Marketplace (GeM) portal.
According to the company, the settlement amount stands at ₹234,99,03,465, which will be paid by NHAI as part of the agreement terms.
The settlement pertains to the Agra Bypass Project, an engineering, procurement and construction (EPC) project executed by PNC Infratech.
The dispute was addressed under the Government of India’s contractual dispute settlement mechanism, which aims to expedite resolution processes involving infrastructure developers and public authorities.
The Vivad-se-Vishwas III scheme has been introduced to reduce prolonged litigation and improve liquidity for companies involved in government infrastructure projects.
PNC Infratech stated that the settlement is expected to have a positive financial implication for the company. The infrastructure firm added that the agreed amount will be received from NHAI in accordance with the executed settlement agreement.
Such settlements can help companies improve cash flows, reduce legal uncertainties and strengthen working capital positions.
Shares of PNC Infratech ended at ₹218.80 on the BSE on May 12, down ₹3.05 or 1.37% for the day.
As of May 13, 2026, at 11:24 AM, the stock was trading at ₹220.05, up ₹1.30 or 0.59% from the previous close of ₹218.75.
Read stock market news in Hindi. Head to Angel One's share market news in Hindi for comprehensive coverage.
PNC Infratech’s settlement agreement with NHAI under the Vivad-se-Vishwas III scheme marks a resolution of a contractual dispute linked to the Agra Bypass Project. The company expects to receive nearly ₹235 crore under the agreement, which may support its financial position and operational cash flows going forward.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all related documents carefully before investing.
Published on: May 13, 2026, 11:29 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
