Rs 17,096 crore order book: Civil construction company emerges as lowest bidder (L1) for Development of Lal Bahadur Shastri International Airport

PNC Infratech Limited has been declared the lowest bidder (L1) by the Airports Authority of India (AAI) for the development of Lal Bahadur Shastri International Airport in Varanasi. The domestic project, valued at approximately Rs 297,01,47,756.95 (exclusive of GST), involves the extension, re-carpeting, and strengthening of the existing runway, along with other associated works. The company's financial bid was opened on September 2, 2025, and the project is expected to be completed within a timeframe of 18 months.

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About the Company

PNC Infratech Limited was incorporated on August 09, 1999, as PNC Construction Company Private Limited. The Company was converted into a limited company in 2001 and was renamed PNC Infratech Limited in 2007. PNC Infratech Limited is one of the front-end infrastructure development, construction, and management companies in the country. The company undertakes infrastructure projects, including highways, bridges, flyovers, power transmission lines and towers, airport runways, industrial area development, and other infrastructure activities.

The company has a market cap of over Rs 7,900 crore. As of June 30, 2025, the company has a robust order book of Rs 17,096 crore (including contracts worth Rs 4,337 crore where the Appointed date is awaited) is over 3.1 times FY25 revenue. The shares of the company have a PE of 19x, an ROE of 15 per cent and an ROCE of 14 per cent. The stock is up by 33.5 per cent from its 52-week low of Rs 235.70 per share.

Disclaimer: The article is for informational purposes only and not investment advice.