PNC Infratech led two joint ventures (JV) have been declared the L1 (lowest) Bidders for two roads projects of National Highways Authority of India (NHAI) for an aggregate project cost of Rs 1,506.84 crore. The projects involve rehabilitation and augmentation of four laning of Koilwar - Bhojpur and Bhojpur - Buxar sections of NH-84 in the state of Bihar, under NHDP Phase III, to be executed on EPC basis.
In response to the bids invited by NHAI, three firms including the PNC Infratech-led JVs submitted their bids on July 21, 2015, for each project. The price bids of the two projects were opened on July 28, with the PNC-SPSCPL JV’s bids being the lowest in both for Rs 825.17 and Rs 681.67 crore, respectively.
PNC’s share in the JVs is 55% for Koilwar - Bhojpur package and 70% for the Bhojpur - Buxar package, with the balance being with S P Singla Constructions (SPSCPL).
PNC Infratech is an infrastructure construction, development and management company, with expertise in execution of major infrastructure projects, including highways, bridges, flyovers, airport runways, power transmission lines, development of industrial areas and other infrastructure activities.
