PNC Infratech Limited has informed the Exchange about General Updates
PNCINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
PNC Infratech Limited has received Letters of Acceptance from the National Highways Authority of India (NHAI) for two highway construction projects under the Hybrid Annuity Model (HAM). The aggregate Bid Project Cost is Rs. 3,483 crore (excluding GST). Project I involves constructing a 43 km 4-lane highway section in Uttar Pradesh for Rs. 1,728 crore, while Project II involves a 55 km 4-lane highway section for Rs. 1,755 crore. Both projects are part of NH-927 in Uttar Pradesh and will be completed within 24 months each. The company emerged as the Lowest Bidder (L1) for both projects. No related party transactions or promoter interests are involved.
This is a major order win worth Rs. 3,483 crore, representing significant revenue visibility for PNC Infratech. The deal reinforces the company's position in highway construction and should positively impact investor sentiment, given the scale and government-backed nature of the projects.