Key Highlights
- PNC Infratech Limited emerged as L1 bidder for two National Highways projects.
- Total aggregate bid value stands at Rs. 3483.00 crore excluding GST.
- Projects awarded by National Highways Authority of India under HAM mode.
- Project I valued at Rs. 1728.00 crore for Barabanki to Kamlabad stretch in Uttar Pradesh.
- Project II valued at Rs. 1755.00 crore for Mustafabad to Biswa stretch in Uttar Pradesh.
- Each project has an execution timeline of 24 months.
- Both contracts are domestic in nature with no related party involvement.
PNC Infratech Limited has emerged as the lowest (L1) bidder for two highway construction projects awarded by the National Highways Authority of India (NHAI), with a combined bid value of Rs. 3483.00 crore, excluding Goods and Services Tax.
According to the company’s regulatory filing dated April 21, 2026, the projects fall under the Hybrid Annuity Mode (HAM) and involve the development of key stretches of National Highway 927 in Uttar Pradesh.
The first project involves the construction of a four-lane highway from Barabanki Design Chainage Km 0+000 to Kamlabad Design Chainage Km 43+030, covering an existing stretch up to Km 43.700. The quoted bid project cost for this package stands at Rs. 1728.00 crore.
The second project covers the development of a four-lane highway from Mustafabad Design Chainage Km 43+030 to Biswa Design Chainage Km 101+515, extending the existing alignment up to Km 98.475. The quoted bid project cost for this segment is Rs. 1755.00 crore.
Both projects are domestic contracts and are scheduled to be completed within a period of 24 months from the date of commencement. The company confirmed that neither the promoter group nor any related parties have any interest in the awarding authority.
PNC Infratech stated that it secured these contracts after emerging as the lowest bidder among participants in tenders floated by NHAI. The financial bids for the projects were opened on April 21, 2026.
The development further strengthens the company’s order book in the roads and highways segment, particularly under the HAM model, which continues to be a key execution framework for infrastructure development in India.