Shares of PNC Infratech Ltd were trading in the green and 3% higher on 28 August after the company announced emerging as the lowest bidder (L1) for a project worth Rs 380 crore awarded by the National Highways Authority of India (NHAI.

As per the company’s regulatory filing, the company emerged as L1 for the highway and bridge project, which includes building an extra 3-lane bridge across the River Ganga, according to a news release from the company. 

This bridge would span NH-922 in Uttar Pradesh and Bihar to link Buxar and Bharauli. The project has a bid project cost of Rs 380 crore and would be built using a hybrid annuity strategy.

The project has a construction time of 910 days, along with an operational phase extending over 15 years post-construction. 

PNC Infratech (PNCIL) is actively involved in India’s infrastructure development, focusing on the construction of highways, airport runways, bridges, flyovers, and power transmission projects. The company undertakes projects under various models, including BOT (Build, Operate, Transfer), and provides comprehensive infrastructure implementation solutions. 

These solutions include Engineering, Procurement, and Construction (EPC) services on a fixed-sum turnkey basis, ensuring end-to-end project execution and delivery.

At 1:34 pm, the shares of PNC Infratech were trading 0.33% higher at Rs 460 on NSE.

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