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PNC Infratech emerges as L1 bidder for two highway projects

09 Mar 2023 Evaluate

PNC Infratech has been declared as the L1 (lowest) bidder for two Highway Projects of National Highways Authority of India (NHAI), with an aggregate bid project cost of Rs 2004.43 crore. Price bids were opened on March 9, 2023, with PNC’s bids being lowest (L1). Firstly, the company has been declared the L1 bidder for construction of 6-lane Greenfield Varanasi - Ranchi – Kolkata Highway from junction with Chandauli - Chainpur Road near Khainti village to junction with Bhabhua - Adhaura road near Palka village for 27.0 km length (from km 27+000 to km 54+000) under Bharatmala Pariyojana in the state of Bihar on Hybrid Annuity Mode with bid project cost of Rs 891.00 crore.

Secondly, the company has been declared the L1 bidder for Construction of 6-lane Greenfield Varanasi - Ranchi – Kolkata Highway from junction with Bhabhua - Adhaura Road in Bhairopur village to Konki village for 36.0 km length (from km 54+000 to km 90+000) under Bharatmala Pariyojana in the state of Bihar on Hybrid Annuity Mode with bid project cost of Rs 1113.43 crore. Both the Projects are 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 3871.20
Kalpataru Projects 1400.50
NCC 133.90
Rail Vikas Nigam 207.70
KEC International 396.70
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