Shares of Sadbhav Infrastructure Project will remain in focus, as its subsidiary Nagpur Seoni Express Way has won an arbitration award against NHAI of ₹61.25 crore (including interest ₹18.64 crore). From the date of award till final payment, NSEL will also receive interest at 12 per cent p.a. Additionally, NSEL will also get 19 semi-annual annuity amount of ₹21.79 crore, instead of ₹19.198 crore currently paid by NHAI, making the total award amount to ₹110.50 crore.
What to watch. Sadbhav Infra gets arbitration booster
Published on
October 8, 2018 16:36