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PNC Infratech bags new Hybrid Annuity Highway project of Rs 2052 crore

13 Feb 2020 Evaluate

PNC Infratech has been declared the L1 (lowest) bidder for a NHAI Project of 60.640 km long Four Laning of Aligarh-Kanpur section of NH 91 from km 373.085 to 433.728 (Package-V from Mitrasen to Kanpur) in the state of Uttar Pradesh under Bharatmala Pariyojna to be executed on Hybrid Annuity Mode for a Bid Project Cost of Rs 2052 crore. Five firms participated in the bidding and the price bids were opened on February 12, 2020, with PNC’s bid being the lowest (L1). The project is to be constructed in 30 months and operated for 15 years post construction. This is the ninth hybrid annuity highway project secured by the company so far.

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 3870.95
Kalpataru Projects 1400.50
NCC 133.90
Rail Vikas Nigam 207.60
KEC International 396.00
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