PNC sets to win Rs. 1155.70cr contract

The renowned infrastructure player of the national repute, the PNC Infratech has turned out to be the lowest bidder for the four laning of Nagina-Kashipur section of NH-74 project stretching across Uttarakhand and Uttar Pradesh under NHDP-IV program. The project, which is to be executed on EPC model entailed an investment of Rs 1155.70cr. In addition to the Kashipur stretch, another project of 4-laning of Varanasi-Gorakhpur section of NH-29 entailing a bid price of Rs 868.5-cr for which the company is yet to receive the letters of award, is also likely to go to the company's folds. PNC Infratech is one of the front runner among Indian infrastructure construction, development and management companies in the country commanding wide range of experience and proven expertise in the execution of major infrastructure projects, including highways, bridges, flyovers, power transmission lines, airport runways, industrial area development and other infrastructure activities with an unmatched track record of successful execution of projects across sectors and geographies. With the latest orders its total order intake during the just concluded financial year stands at over Rs 3,900cr, the highest ever in a financial year in the company's history.