PNC Infratech Limited has informed the Exchange about Bagging/Receiving of orders/contracts
PNCINFRA · price
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PNC Infratech has emerged as the lowest bidder (L-1) for constructing a 4-lane flyover with 2 loops and 2 ramps at Shaheed Path Intersection on the RHS bank of Gomti River in Lucknow. The project, awarded by Lucknow Development Authority, Uttar Pradesh, is valued at Rs. 194.40 Crore on an EPC (Engineering, Procurement and Construction) basis. The contract has a completion period of 24 months. This is a domestic order with no related party involvement. The company also noted that its trading window for insider trading compliance is already closed.
This order adds to PNC Infratech's order book and provides revenue visibility for the next 2 years. The contract size represents a significant new project win for the infrastructure company.