PNC Infratech achieves financial closure from NHAI for two SPVs

14 Oct 2022 , 12:49 PM

PNC Infratech Limited has announced that two (2) Hybrid Annuity Mode (HAM) Projects namely Kanpur-Lucknow Expressway packages I & II, the respective SPVs viz. Kanpur Lucknow Expressway Private Limited & Awadh Expressway private Limited, wholly owned subsidiaries of the Company have received communication from National Highways Authority of India on October 13, 2022 confirming the achievement of Financial Closure for the said projects.

As per the filing, the project details are:
Kanpur Lucknow Expressway Private Limited – [Six lane upgradable to Eight lane of Kanpur Lucknow Expressway including spur from Km 10.980 to Km 28.500 in the state of Uttar Pradesh under Bharatmala Pariyojana on Hybrid Annuity mode (Package-1)]

Awadh Expressway Private Limited – [Six lane upgradable to Eight lane of Kanpur Lucknow Expressway including spur from Km 28.500 to Km 73+744 in the state of Uttar Pradesh under Bharatmala Pariyojana on Hybrid Annuity mode (Package-2)]

At around 12:51 PM, PNC Infratech Ltd is currently trading at Rs263.30 per share up by Rs0.5 or 0.19% from its previous closing of Rs262.80 per share on the BSE.

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