Court orders Uttarakhand PWD to pay MBL Infra ₹81.14 crore
- Commercial Court in Dehradun ordered PWD Uttarakhand to pay ₹81.14 crore
- Arbitration award relates to road improvement in Udham Singh Nagar district
- Interest accrues at 12% per annum until full payment is made
- MBL Infrastructure executes roads, buildings, and urban infrastructure projects
*this image is generated using AI for illustrative purposes only.
The Commercial Court in Dehradun has directed the Public Works Department (PWD) of the Government of Uttarakhand to deposit ₹81.14 crore as an arbitration award to MBL Infrastructures . The order, dated October 5, 2026, mandates payment for a road project in the Udham Singh Nagar district.
Award details
The court's directive enforces an arbitration award originally dated December 14, 2024. Interest continues to accrue at 12% per annum until the full amount is paid to the company. The following table summarises the key parameters of the court order:
| Parameter | Details |
|---|---|
| Award amount | ₹81.14 crore |
| Awarded against | PWD, Government of Uttarakhand |
| Project type | Road improvement and strengthening |
| Location | Udham Singh Nagar district |
| Interest rate | 12% per annum |
| Interest applicability | Until full payment is made |
Background
The dispute relates to the project titled 'Improvement and Strengthening of Roads in the District of Udham Singh Nagar (Package No. C-2)'. This latest development follows previous communications from MBL Infrastructures on December 16, 2024, and July 28, 2026. The court's instruction to the state government underscores the resolution of the dispute through the arbitration process, with the escalating interest clause ensuring any delay increases the financial obligation on the state.
Company profile
MBL Infrastructure Ltd was established in 1995 and has been listed since 2010. The company is engaged in the execution of Roads & Highways (Construction, BOT, O&M), Building, Housing & Urban Infrastructure, Railways/Metro and Other Infrastructure Projects. MBL has executed projects PAN India. It has its own Quarrying, Concrete, Bitumen, Construction material & Tolling divisions.
Historical Stock Returns for MBL Infrastructures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.64% | +20.24% | +2.92% | +13.48% | -41.35% | +24.43% |
How will the immediate cash inflow from the ₹81.14 crore award impact MBL Infrastructures' working capital and upcoming debt repayment schedule?
What are the potential credit rating implications for the Government of Uttarakhand given the escalating 12% annual interest liability on unpaid state dues?
Will this court precedent encourage other infrastructure contractors in Uttarakhand to accelerate arbitration claims against pending government payments?
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