MBL Infrastructure Ltd updates on arbitration award

The Hon'ble Arbitral Tribunal comprising of Hon'ble Justice A K Sikri, Former Judge Supreme Court of India, Presiding Arbitrator, Hon'ble Justice Reva Khetrapal, Former judge High Court of Delhi, Co-arbitrator and Hon'ble Justice Alok Kumar Singh, Former judge Allahabad High Court, Co arbitrator has unanimously passed award dated 03.04.2023 for net sum of Rs 26.73 crores plus further interest of 10% p.a. from date of award till the date of payment in favour of MBL Infrastructure Ltd against NHAI for the completed project of construction of residential accommodation for NHAI staff at Pocket B-5, Sector 17, Dwarka, New Delhi.

Shares of MBL Infrastructures Limited was last trading in BSE at Rs. 15.48 as compared to the previous close of Rs. 14.75. The total number of shares traded during the day was 1212 in over 17 trades.

The stock hit an intraday high of Rs. 15.48 and intraday low of 15.42. The net turnover during the day was Rs. 18753.00.

Source : Equity Bulls

Keywords

MBLInfrastructures INE912H01013 ArbitrationAward NHAI