PNC Infratech Limited has recently informed exchanges that the company emerged as the lowest bidder for a bridge construction project in Uttar Pradesh and Bihar. However, the National Highways Authority of India (NHAI) has annulled the bidding process without assigning any reason. The project was valued at INR 380.0 crore.
Project Details
- Parties Involved: PNC Infratech Limited (“Bidder”) and National Highways Authority of India (“Authority”).
- Nature of Order: Annulrnent of bidding process of a project namely “Construction of additional 3-Lane Bridge over River Garrga for connection between Buxar and Bharauli on NFI-922 in the State of Uttar Pradesh and Bihar on Hybrid AnnLrity Mode (HAM)”, where the Company was the First Lowest (L1).
- Date of Execution: The bidding Process for the Project was annulled on 28.10.2024 by the authorities.
TOPICS:
PNC Infratech