PNC Infratech Limited — Capital/Financing Update 2020

Mar 11, 2020

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PNC INFRATECH LIMITED

PNC Infratech receives LOA from NHAI for a HAM Project of Rs. 1530.0 crore

New Delhi, March 11, 2020: PNC Infratech Limited announces receipt Letter of Award (LOA) from National Highways Authority of India (NHAI) for the Project of “Four laning of Jagdishpur - Faizabad Section from km 47.930 (Design Chaiange km 47.800) to km 107.680 (Design Chainage km 108.020) of NH-330A in the State of Uttar Pradesh on Hybrid Annuity Mode under Bharatmala Pariyojana” for a Bid Project Cost of Rs. 1530.0 crore, on March 9, 2020. The price bids for the Project were opened on February 10, 2020 and PNC’s bid was the lowest (L1). Construction of this project is to be completed in 24 months.