PSP Projects Limited has announced the conclusion of arbitration proceedings with Bhiwandi Nizampur City Municipal Corporation (BNCMC). The Arbitral Tribunal pronounced its award on January 11, 2026, directing BNCMC to pay PSP Projects the principal amount of ₹61,44,17,413 (Rupees Sixty-One Crore Forty-Four Lakh Seventeen Thousand Four Hundred and Thirteen Only).

In addition to the principal sum, BNCMC is also liable to pay interest accrued up to the date of the award within 60 days of its pronouncement. Should BNCMC fail to make the payment within this stipulated period, they will be liable to pay future interest at a rate of 11% per annum on the awarded amount plus accrued interest, from the date of the award until the date of actual payment.

This development is in furtherance to earlier intimations regarding these arbitration proceedings. The company has stated that the matter was decided by an arbitral award and not a settlement. Based on the current assessment, the award is in favor of PSP Projects Limited and is not expected to have an adverse impact on the company's financial position.