PSP Projects Share Price in Focus; Secures Arbitration Award Against BNCMC

PSP Projects Limited has achieved a significant legal victory with the conclusion of arbitration proceedings against Bhiwandi Nizampur City Municipal Corporation (BNCMC). The arbitral tribunal has ruled in favour of PSP Projects, mandating BNCMC to pay a substantial sum. 

Arbitration Award Details 

The arbitral tribunal has directed BNCMC to pay PSP Projects Limited a principal amount of ₹61,44,17,413. This amount is to be paid along with interest accrued up to the date of the award, which was pronounced on January 11, 2026. The payment is to be made within 60 days from the date of the award. 

Interest Implications 

Should BNCMC fail to comply with the payment timeline, they will be liable to pay future interest at a rate of 11% per annum. This interest will apply to the awarded amount plus the accrued interest from the date of the award until the actual payment date. 

Impact on PSP Projects Limited 

The arbitration award is a positive development for PSP Projects Limited. The company has assessed that there will be no adverse impact on its financial position due to this outcome. This resolution concludes the arbitration proceedings that have been ongoing between the two parties. 

PSP Projects Share Price Performance  

As of January 13, 2026, at 9:38 AM, PSP Projects share price on NSE was trading at ₹838.20 up by 1.01% from the previous closing price. 

Conclusion 

PSP Projects Limited's successful arbitration against BNCMC results in a favourable financial outcome, with a significant award amount and interest terms. The resolution of this dispute marks a positive step for the company, ensuring financial stability without adverse effects. 

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