The minority award is for a sum of Rs 186.64 crore plus further interest at 8% p.a. till the payment of the award amount to the company.

"With this award, the aggregate arbitration awards received value Rs 185.92 crores including interest upto 31.03.22. The arbitration award is a result of our continued efforts for realization of our arbitration claims. We are hopeful of receiving more awards in various pending proceedings and shall continue our persuasion for realization of our dues which will further improve the overall liquidity and financial position of the Company. With the order of the Hon'ble Supreme Court and Hon'ble NCLT, the Resolution Plan has achieved finality and the Company shall get bank guarantees and documents for getting new projects, execution etc. We shall now start bidding for selected new projects and with the impetus of the government on infrastructure projects which is core competency area of the Company, MBL expects to win new orders in near future". said Anjanee Kumar Lakhotia, chairman & managing director while addressing the officials of the company.

MBL Infrastructures is engaged in the execution of roads and highways projects on EPC (Engineering, Procurement, & Construction) and BOT (Build, Operate, Transfer) basis. It executes construction and O&M projects of road & highways, building and other civil engineering projects pan India.

On a consolidated basis, net profit of MBL Infrastructures declined 98.96% to Rs 0.81 crore on 21.57% decline in net sales to Rs 44.65 crore in Q3 December 2021 over Q3 December 2020.