MoneyWorks4Me

PNC Infratech emerges lowest bidder for project worth Rs 2,520 crore

10 Jul 2018 Evaluate

PNC Infratech has been declared the L1 (lowest) bidder in two contiguous packages of Lucknow - Ghazipur six lane access controlled Purvanchal Expressway Project in the state of Uttar Pradesh for an aggregate quoted value of Rs 2,520 crore.

Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) is the proponent for the 341 km long Green Field Expressway comprising eight individual packages. The construction of each package is to be completed in 36 months on EPC mode.

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 3874.90
Kalpataru Projects 1407.20
NCC 133.85
Rail Vikas Nigam 208.30
KEC International 397.40
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