PNC Infratech subsidiary Awadh gets PCOD for Kanpur-Lucknow Expressway, Rs 1,513 Cr

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-1.0%+3.2% vs market

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AI summary

PNC Infratech's subsidiary Awadh Expressway has received the Provisional Completion Certificate for the 6-lane upgradable to 8-lane Kanpur-Lucknow Expressway (Package-2) on Hybrid Annuity Mode under Bharatmala Pariyojana. NHAI is the client. Bid project cost is Rs 1,513 Crores plus indexation. The appointed date was 10.11.2022, scheduled completion was 08.05.2025, and provisional completion was achieved on 01.10.2025 with extension of time granted. PCOD issued on 04.02.2026.

Likely market impact

Project can now enter commercial operations, enabling annuity payments from NHAI and supporting revenue recognition for the subsidiary.