{
  "id": 12325413,
  "title": "MBL Infrastructure To Receive ₹81.14 Crore Arbitration Award, Plus 12% Annual Interest",
  "url": "https://urgent.news/2026/10/06/mbl-infrastructure-to-receive-81-14-crore-arbitration-award-plus-12",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-06T06:37:39.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/mbl-infrastructure-to-receive-8114-crore-arbitration-award-plus-12-annual-interest"
  },
  "original_language": "en",
  "account": "On 6th October 2026, MBL Infrastructure announced it would receive ₹81.14 crore from the Public Works Department of the Uttarakhand government. This sum is due to an arbitration ruling from 14th December 2024. The award pertains to a project in the Udham Singh Nagar district, Uttarakhand titled 'Improvement and Strengthening of Roads in the District of Udham Singh Nagar (Package No. C-2)'. The company will also accumulate 12% annual interest on the payment until it is completed.\n\nMBL Infrastructure, a road and highway construction firm based in India since 1995, has experience in various sectors, including railways and urban development. The company maintains its own quarries, manufacturing plants, and tolling divisions. However, the company has cautioned that certain statements in their documents may be forward-looking and subject to risks and uncertainties, which could cause actual results to differ from the projections.\n\nInvestors seeking more information can reach out to Anubhav Maheshwari, CS & Compliance Officer, at cs@mblinfra.com or to Nishita Bhatt of Adfactors PR at nishita.bhatt@adfactorspr.com. This report is based on company filings and provided for informational purposes only. Potential investors are advised to carefully consider the risks involved before making any investment decisions.",
  "summary": "Mumbai: MBL Infrastructure announced on 6 October 2026 that the Commercial Court, Dehradun, Uttarakhand , has directed the Public Works Department, Government of Uttarakhand, to deposit an amount of ₹81.14 crore. This amount relates to an arbitration award dated 14 December 2024. Project Details The award is for the project titled 'Improvement and Strengthening of Roads in the District of Udham…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}