PNC Infratech Limited has informed the Exchange about Receipt of Letter of Acceptance from UP State Bridge Corporation Ltd. (UPSBC)
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PNC Infratech Limited, through its Joint Venture with SPS Constructions India Pvt Ltd (50:50 participation), has received a Letter of Acceptance from UP State Bridge Corporation Ltd. (UPSBC) for constructing a 4-lane major bridge over the Ganga River connecting Trans Ganga City to Kanpur City, including approach roads and protection works in District Kanpur. The project is on EPC (Engineering, Procurement, Construction) mode with a completion period of 36 months. The contracted price is Rs. 559.53 crore (excluding GST), reduced from the initial quoted price of Rs. 571.81 crore after negotiations. This is a domestic order awarded by a government entity in Uttar Pradesh.
This order provides significant revenue visibility for PNC Infratech over the next 3 years. At approximately Rs. 560 crore, the contract represents a meaningful portion of the company's annual revenue, boosting order book size and supporting future earnings growth.