Adding to its project portfolio, PNC Infratech has been declared the L1 (lowest) bidder for a NHAI Project of 55.7 km long four laning of Challakere to Hariyur section of NH 150 A, from 358.50 km to 414.205 km in Karnataka under Bharatmala Pariyojna. The road project in question, which is to be executed on Hybrid Annuity Model, will be developed at an investment of ₹1,157 crore. The project is to be constructed in 24 months and operated for 15 years and that the latest is the seventh Hybrid Annuity highway project secured by the company, said an official spokesperson elaborating that the company has executed or executing projects across various states including Rajasthan, Punjab, Haryana, Uttarakhand, Uttar Pradesh, and Delhi, among others.
