MoneyWorks4Me

PNC Infratech bags hybrid annuity highway project worth Rs 1,434 crore

07 Mar 2017 Evaluate

PNC Infratech has been declared the L1 (lowest) bidder for NHAI project of six laning Chitradurga - Davanagere including Chitradurga bypass, design chainage km 0.000 to km 20.700 and Km 208.000 to km 260.000 of NH 48 (Old NH-4) in the state of Karnataka under NHDP V, to be executed on Hybrid Annuity Mode for a Bid Project Cost of Rs 1,434.00 crore.

Four firms participated in the bidding and the price bids were opened on Monday, March 6, 2017, with PNC’s bid being the lowest (L1). This is the second hybrid annuity project won by PNC having construction period of two and half years and operation period of 15 years.

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.



Peers
Company Name CMP
Larsen & Toubro 3636.00
Kalpataru Projects 1400.95
NCC 125.45
Rail Vikas Nigam 196.75
KEC International 360.20
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