PNC Infratech Limited has informed the Exchange regarding 'Receipt of Provisional Completion Certificate (PCOD) for the project executed by Awadh Expressway Private Limited'.
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PNC Infratech has received the Provisional Completion Certificate (PCOD) for a highway project executed through its subsidiary/SPV, Awadh Expressway Private Limited. The PCOD is an official confirmation that the project is substantially complete and fit for commercial use. For highway/expressway projects, this milestone typically allows the company to begin toll collection and start recognizing revenue from the asset. This is a routine but important step in PNC's infrastructure project execution pipeline.
This is a positive operational milestone as it enables revenue generation from the Awadh Expressway project. It signals timely execution of one of the company's build-operate-transfer (BOT) assets, which could support earnings from this project going forward.