MoneyWorks4Me

PNC Infratech declared as lowest bidder for Hybrid Annuity highway project

29 Mar 2022 Evaluate

PNC Infratech has been declared as the L1 (lowest) bidder for a NHAI Project of ‘Construction of 6 Lane with Access Controlled Greenfield Highway from km 26.000 to km 97.000, MH/KN Border (Badadal) to Maradgi S Andola section of NH - 150C (Package-II of Akkalkot to KN/TS Border section) on Hybrid Annuity Mode’, for a bid project cost of Rs 1575.0 crore. The price bids were opened on March 29, 2022, with PNC’s bid being the lowest. The Project is to be constructed in 30 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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