MoneyWorks4Me

PNC Infratech bags Rs 120 crore road project in UP

08 Apr 2016 Evaluate

PNC Infratech has been declared the L1 (lowest) Bidder for the project of up-gradation of MDR No. 82W, Nanau-Dodon section from km 0.0 to km 30.0 in the district of Aligarh, Uttar Pradesh. The bid amount for this ADB funded, UP Public Works Department (PWD) project is Rs 119.90 crore. The price bids were opened on April 06, 2016 with PNC’s bid being declared the lowest (L1).

During the financial year 2015-16, PNC secured seven new projects, for a total contract value of Rs 3,972 crore, comprising of six highway projects and one airport runway project. The company has received letters of award (LoAs) for all the seven projects by March 31, 2016.

PNC Infratech is one of the front ending Indian infrastructure construction, development and management companies in the country, with wide experience and proven expertise in the execution of major infrastructure projects, including highways, bridges, flyovers, power transmission lines, airport runways, industrial area development and other infrastructure activities with an established track record of successful execution of projects across sectors and geographies.



Peers
Company Name CMP
Larsen & Toubro 3877.50
Kalpataru Projects 1402.00
NCC 133.95
Rail Vikas Nigam 208.40
KEC International 397.15
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