PNC Infratech receives Rs 8268 cr as bonus for early completion of project

24 Mar 2022 , 01:33 AM

PNC Infratech announced the receipt of Rs 8268 crore towards bonus for early completion of one of its EPC projects namely Development of Purvanchal Expressway Package V from Sansarpur Dist Sultanpur to Gobindpur Dist Azamgarh Km 164300 to Km 218300 in the state of Uttar Pradesh from Uttar Pradesh Expressways Industrial Development Authority UPEIDA Authority for the project on 16 March 2022 The project has been completed on 26 October 2021 one hundred thirty-two 132 days ahead of the Scheduled Completion Date Accordingly bonus @ 004Percentage of the contract price Rs 1566 crore for each day of early completion received by the Company in terms of the contract agreement