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By EquityPandit

UP govt cancels PNC Infratech’s bid for Purvanchal Expressway

June 18, 2018

The Uttar Pradesh government has decided to cancel PNC Infratech’s bid made for Purvanchal Expressway.

The company was declared the lowest bidder for the 4th package of the project and the price quoted by it was Rs.1,738.44 crore. In a BSE filing the company stated, “The government of Uttar Pradesh has cancelled the ongoing bidding process of 341 km long Purvanchal Expressway project comprising eight individual packages and decided to go for fresh bidding.”

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