PNC Infratech Limited has informed the Exchange regarding 'Intimation regarding receipt of payment in terms of the Settlement Agreement executed between National Highways Authority of India and PNC Raebareli Highways Private Limited, a subsidiary of the Company under section 73(2) of the Arbitration and Conciliation Act, 1996 in terms of the Vivad Se Vishwas II (Contractual Disputes) Scheme of Government of India, by PNC Raebareli Highways Private Limited.'.