MBL Infrastructure Ltd., a prominent player in India's infrastructure sector, has successfully secured an arbitration award of ₹81.14 crore from the Commercial Court, Dehradun, Uttarakhand. The award, which also includes an ongoing interest of 12% per annum until payment, pertains to a road improvement project in the district of Udham Singh Nagar.
Project Details
The arbitration award relates to the project titled 'Improvement and Strengthening of Roads in the District of Udham Singh Nagar (Package No. C-2)'. This project underscores MBL Infrastructure's expertise in executing critical infrastructure projects across India.
About MBL Infrastructure
MBL Infrastructure, established in 1995 and listed on stock exchanges since 2010, specializes in road construction, BOT (Build-Operate-Transfer), O&M (Operations and Maintenance), housing, and urban infrastructure. The company has a strong presence across India, with divisions dedicated to quarrying, concrete production, bitumen, construction materials, and tolling.
Forward-Looking Statement
While the company highlights the significance of the award, it also notes that certain statements in its filings may be forward-looking and subject to risks, including regulatory changes and economic developments. MBL Infrastructure advises investors to evaluate these risks before making decisions.