Shares of PNC Infratech gained 2% in morning trade after the company announced that it has emerged as the Lowest (L1) Bidder for a big infrastructure project from the Airports Authority of India (AAI). The project involves developing the Lal Bahadur Shastri International Airport in Varanasi, with a contract value of ₹297.01 crore (excluding GST).
As per the company’s filing, the work includes extending and strengthening the runway, re-carpeting, and other related tasks. The financial bids for the project were opened on September 2, 2025.
The project is expected to be completed within 18 months of award, with AAI, a government entity, overseeing the work. PNC Infratech confirmed that this order is not related to any of its promoters or group companies.
With this new contract, PNC Infratech adds another significant milestone to its growing infrastructure portfolio, reinforcing its presence in major government projects.
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