PNC Infratech Limited has emerged as the lowest bidder for two National Highway projects with a combined bid project cost of ₹3,483 crore. The contracts were awarded by the National Highways Authority of India (NHAI) and involve the construction of 4-lane highways in Uttar Pradesh.
The financial bids for these projects were opened on 21st April 2026. The first project entails the construction of a 4-lane highway from Barabanki Design Chainage Km 0+000 to Mustafabad Design Chainage Km 43+030, with a quoted bid project cost of ₹1,728 crore. The second project involves the construction of a 4-lane highway from Mustafabad Design Chainage Km 43+030 to Biswariya Design Chainage Km 101+515, with a quoted bid project cost of ₹1,755 crore.
Both projects are to be executed under the Hybrid Annuity Model (HAM) mode and are expected to be completed within 24 months. The projects are part of the NH(O) Scheme and are domestic in nature.
There is no interest from the promoter or promoter group in the entity that awarded the contracts, and the transactions do not fall under related party transactions.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).