MBL Infrastructure has secured a significant legal victory with the Supreme Court of India upholding an arbitration award worth ₹18.79 crores against Telecommunications Consultants India Ltd (TCIL). The ruling, delivered on December 4, 2025, and uploaded to the Supreme Court portal on December 10, 2025, marks the culmination of a multi-year legal process while the company simultaneously reports substantial improvements in its overall financial position.

Project Details and Arbitration Award

The arbitration award stems from MBL Infrastructure's completed construction project involving residential units at the Rajiv Gandhi Thermal Power Project campus in Khedar, Hisar District, Haryana. The project scope included the construction of 168 housing units across two categories.

The Supreme Court's order upheld the original arbitration award dated January 28, 2020, as modified by the Delhi High Court's single bench order on February 10, 2021. The receivable amount of ₹18.79 crores continues to accrue interest at 12% per annum, compounded with monthly rest, until TCIL makes complete payment.

Financial Position and Banking Facilities

MBL Infrastructure has reported significant improvements in its financial standing and operational capabilities. The company's banking relationships have been restored to standard status, providing enhanced operational flexibility.

The company has successfully settled all dissenting banks with full and final settlement payments totaling ₹49.66 crores as per the approved Resolution Plan. All banks have issued No Due Certificates and NOCs, clearing previous financial obligations.

Subsidiary Companies and Debt Resolution

MBL Infrastructure has made substantial progress in resolving subsidiary company debts, with six out of eight subsidiary companies now completely debt-free. The company continues to focus on resolving the remaining two subsidiary companies: Suratgarh Bikaner Toll Road Company Pvt Ltd and MBL Highway Development Company Ltd.

Claims and Future Prospects

The company maintains a substantial claims portfolio totaling ₹3,219.53 crores as of September 30, 2025. Of this amount, arbitration awards worth ₹259.32 crores have already been received, while ₹136.41 crores have been deposited with various courts.

Chairman Managing Director Anjanee Kumar Lakhotia emphasized the company's strategic focus on resolving disputes amicably while preserving long-term customer relationships. The company has submitted bids for projects worth ₹1,645 crores within defined profitability priorities.

Regulatory Compliance and Market Position

MBL Infrastructure has disclosed these developments in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Established in 1995 and listed since 2010, the company specializes in civil engineering infrastructure projects including roads, highways, buildings, housing, urban infrastructure, railways, and metro projects across India.

The arbitration award confirmation, combined with improved financial metrics and substantial business pipeline, positions MBL Infrastructure for enhanced operational performance and growth prospects in the infrastructure development sector.

MBL Infrastructure Limited recently submitted its corporate presentation to the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), highlighting the company's infrastructure project portfolio, recent contract wins, and successful implementation of its Resolution Plan under the Insolvency and Bankruptcy Code (IBC) 2016.

Key Highlights

1. Contract Wins: MBL Infrastructure has secured new contracts worth ₹31.28 crores, demonstrating its continued ability to win projects in the infrastructure sector.

2. Promoter Holding: The company's promoter holding has increased to 74.01%, indicating strong promoter confidence in the business.

3. Bank Facilities: MBL has access to bank facilities of ₹303.63 crores for new projects, providing financial flexibility for future growth.

4. Diverse Project Portfolio: The company operates across various infrastructure segments, including roads, highways, building, housing, railways, and metro projects.

Financial Performance

Let's examine MBL Infrastructure's financial performance based on the latest available data:

The company has shown a significant turnaround in profitability, with net profit improving from a loss of ₹39.30 crores in FY 2024 to a profit of ₹169.50 crores in FY 2025. However, revenue saw a slight decline of 2.01% year-over-year.

Balance Sheet Highlights

The company's balance sheet shows improvement, with total assets increasing by 3.94% and total equity growing by 26.98% year-over-year.

Resolution Plan Implementation

MBL Infrastructure has successfully implemented its Resolution Plan under IBC 2016. This development is crucial for the company's financial recovery and future growth prospects. The plan's implementation has likely contributed to the significant improvement in the company's profitability and balance sheet strength.

Outlook

With a diverse project portfolio, recent contract wins, and improved financial position, MBL Infrastructure appears to be on a path of recovery and growth. The increased promoter holding and available bank facilities for new projects indicate confidence in the company's future prospects.

However, investors should note the decline in revenue and EBITDA, which may require monitoring in future quarters. The infrastructure sector's overall performance and government spending on infrastructure projects will likely play a crucial role in MBL's future growth trajectory.

Investors are advised to conduct their own research and consider their risk tolerance before making investment decisions.