This Low PE Construction Company Secures Rs 572 Crore EPC Bridge Project in Uttar Pradesh; Share Price Jumps 2%
Join Us
Follow Us
PNC Infratech emerged as the L1 bidder for a 4-lane bridge construction project awarded by UP State Bridge Corporation, with project execution scheduled over 36 months under EPC mode
✨ AI Powered Summary
The Indian equity markets ended marginally higher on Wednesday, with the benchmark Nifty 50 index closing up 0.14 per cent at 23,412.60. Positive sentiment across broader markets supported stock-specific action in infrastructure and Construction counters. In this segment, shares of PNC Infratech remained in focus after the company announced that its joint venture emerged as the L1 bidder for a major EPC bridge project in Uttar Pradesh. On Wednesday, PNC Infratech share price ended 0.80 per cent higher at Rs 220.51.
PNC Infratech Declared L1 Bidder for EPC Project
PNC Infratech informed exchanges that a joint venture comprising the company and SPS Constructions India Private Limited has emerged as the L1 (First Lowest) bidder for an EPC project awarded by UP State Bridge Corporation (UPSBC). The quoted project cost stands at Rs 571.81 crore.
The project involves construction of a 4-lane major bridge over the Ganga River with footpath connectivity between Bhairoghat Dhobighat Jalkal Campus, Trans Ganga City and Kanpur City, including approach roads and protection works in Kanpur district, Uttar Pradesh.
According to the company, the project has been awarded under Engineering, Procurement and Construction (EPC) mode. The participation ratio between PNC Infratech and SPS Constructions India Private Limited in the joint venture is 50:50.
The company further stated that the execution timeline for the project is 36 months from the date of award.
About PNC Infratech
PNC Infratech is an infrastructure construction and development company engaged in execution of highways, expressways, bridges, flyovers, airport runways and industrial area development projects across India. The company operates primarily through EPC, HAM and BOT project models.
The company has a strong presence in road and highway infrastructure projects and has executed multiple projects for NHAI, state governments and other public sector agencies. PNC Infratech also has an integrated in-house equipment base supporting project execution capabilities.
Add DSIJ as your preferred news source on G o o g l e
Add NowShare your views on PNC Infratech’s latest EPC project win in the comments below.
Disclaimer: This article is for informational purposes only and not investment advice.