MoneyWorks4Me

PNC Infratech in JV with SPML Infra receives LoA for water supply project

03 Oct 2020 Evaluate

PNC Infratech has received Letter of Award (LoA) in Joint Venture (JV) with SPML Infra for a project of construction of Haraulipur Group of Villages Water Supply Scheme (Surface Water) and Electric/Solar based Piped Ground Water Supply Scheme in Hamirpur District, Uttar Pradesh including Commissioning and Operation & Maintenance for 10 years for a value of Rs 289.83 crore, from State Water & Sanitization Mission, Namami Gange and Rural Water Supply Department, Government of Uttar Pradesh on October 1, 2020.

The company’s share in the JV is 95%. The price bids for the Project were opened on September 7, 2020 and PNC JV's bid was the lowest (L1). Construction of this project is to be completed in 24 months; operated and maintained for 10 years, post commissioning.

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
View more..