PNCINFRA · price
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PNC Infratech Ltd's Joint Venture with SPS Constructions India Pvt Ltd has been declared the First Lowest (L1) bidder for a major infrastructure project. The project involves constructing a 4-lane major bridge over the Ganga River connecting Trans Ganga City to Kanpur City in Uttar Pradesh, including approach roads and protection works. The total quoted price is Rs. 571.81 Crore under EPC (Engineering, Procurement, Construction) mode. The JV participation ratio between the two partners is 50:50. The project has a completion period of 36 months (3 years) and is awarded by UP State Bridge Corporation Ltd., a domestic government entity.
This is a positive development for PNC Infratech as it secures a large infrastructure order worth over Rs. 571 crore, which will contribute to the company's order book and revenue visibility over the next 3 years.