MoneyWorks4Me

PNC Infratech bags new hybrid annuity highway project for Rs 738 crore

14 Mar 2022 Evaluate

PNC Infratech has been declared the L1 (lowest) bidder for a NHAI Project of Four Laning of NH 530B from Gaju Village km 32.982, (Mathura - Aligarh District Boundary) to Devinagar Bypass (End) Km. 66.000 of SH 33 (NH530B) in the State of Uttar Pradesh on Hybrid Annuity Mode, for a bid project cost of Rs 738 crore. The price bids were opened on March 14, 2022, with PNC’s bid being the lowest (L1). The project is to be constructed in 24 months and operated for 15 years post construction.

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 3875.90
Kalpataru Projects 1395.10
NCC 133.55
Rail Vikas Nigam 206.70
KEC International 396.85
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