PNC Infra receives Rs 819 crore order from road transport ministry

28 Jun 2023 , 03:09 PM

PNC Infratech informed that it has signed a concession agreement with the road transport ministry.

On a hybrid annuity basis, the company will construct a four-lane highway stretch of NH-731A in Uttar Pradesh. The bid price for the project is Rs 819 crore.

PNC Infratech entered into a concession agreement with the ministry via the Uttar Pradesh Public Works Department and a special purpose vehicle, Prayagraj Kaushambi Highway Package 3 Private Limited, which was established by the company for the project.

The project is expected to be completed in 24 months and will remain operative for a period of 15 years.

At around 3.03 PM, PNC Infratech was trading 1.04% higher at Rs 330.15, against the previous close of Rs 326.75 on NSE. The counter touched an intraday high and low of Rs 339.10 and Rs 326, respectively.

PNC Infratech offers comprehensive infrastructure implementation solutions encompassing design, engineering, procurement, construction, as well as O&M services across various formats such as fixed-sum turnkey (EPC), ‘Design-Build-Finance-Operate-Transfer’ (DBFOT) Toll, Annuity, Hybrid Annuity, Operate-Maintain-Transfer, and more, all provided under a single roof.

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