Bharat Road Network(BRNL) has announced that its subsidiary, Orissa Steel Expressway Pvt Ltd (OSEPL), has received Rs 383.85 crore from the National Highways Authority of India (NHAI).
This amount was credited on 8 July 2025, as part of a one-time settlement under the Government of India’s Vivad Se Vishwas II (Contractual Disputes) scheme. This payment signifies the final resolution of all disputes related to the concession agreement dated 6 July 2010, between NHAI and OSEPL.
With this settlement, all proceedings associated with the agreement are now fully resolved. OSEPL and NHAI have mutually consented that no future legal or contractual disputes will be initiated regarding this matter.
The agreement is perpetual and binding on both parties and their successors. BRNL, which possesses a 59.38% stake in OSEPL, has indicated that the funds will be allocated towards priority liabilities, legal dues, and operational obligations of OSEPL. While the settlement provides considerable relief, the precise financial impact on BRNL has yet to be determined.
Bharat Road Network is involved in the business of designing, constructing, operating, maintaining, and executing all other activities related to road projects. On a consolidated basis, Bharat Road Network reported a net loss of Rs 4.75 crore in Q4 March 2025, compared to a net loss of Rs 28.71 crore in Q4 March 2024. Net sales fell by 49% year-on-year to Rs 47.26 crore in Q4 March 2025.
