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Man Infraconstruction Limited to get approx. Rs. 380 crores arbitral award Posted On: 2021-03-09 01:58:21 (Time Zone: Arizona, USA) Further to Man Infraconstruction Limited s earlier announcement with respect to an Award of Hon ble Arbitrator in favour of Manaj Tollway Private Limited (MTPL); a subsidiary of of the company; in connection with the Project being four laning to HadapsarSaswad- Belsarphata SH 64 Km. 9.800 to 42.860 & Belha - Pabal - Uralikanchan - ejuri - Nira SH 61 Km. 110.00 to 118.00 (Part Hadapsar to Jejuri M.I.D.C.), Taluka Purandar, District Pune on DBFOT basis and the review petition filed by the Government of Maharashtra, the Honorable High Court at Bombay vide its order dated March 5, 2021, has disposed-off the review petition filed by the Government of Maharashtra. Accordingly MTPL is expected to receive within 30 days, an amount of Rs. 357.79 Crores plus interest, aggregating to approx. Rs. 380 Crores.

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