PNC Infratech has received Rs 82.68 crore towards bonus for early completion of one of its EPC projects namely 'Development of Purvanchal Expressway (Package V) from Sansarpur (District Sultanpur) to Gobindpur (District Azamgarh) Km. 164+300 to Km. 218+300, in the state of Uttar Pradesh' from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), Authority, on March 16, 2022.
The project has been completed on October 26, 2021, 132 days ahead of the Scheduled Completion Date. Accordingly, bonus at the rate of 0.04% of the contract price (Rs 1566 crore), for each day of early completion, received by the company in terms of the contract agreement.
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.
