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PNC Infratech bags new EPC Project of Rs 1000.72 crore in Andhra Pradesh

21 Oct 2020 Evaluate

PNC Infratech has been declared as the L1 (lowest) bidder in an EPC Project in Andhra Pradesh namely, ‘Upgradation of Canal System from Pothireddypadu Head Regulator and BCR Complex from foreshore of Srisailam Reservoir and Improvements to existing SRBC/GNSS Canal up to berm level from Banakacherla Complex to Gorukallu Balancing Reservoir from KM 0.000 to KM 56.775’. The Water Resources Department, Government of Andhra Pradesh, Employer for the Project invited bids on August 26, 2020 (Second Call); 4 bids received in response and PNC Infratech’s bid at a quoted value of Rs 1000.72 crore declared as the first lowest bid (L1) on October 20, 2020. The project is to be constructed in 36 months.

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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