Business Companies 30 Sep 2017 PNC Infra bags Rs 2, ...

PNC Infra bags Rs 2,159 crore highway contract in Uttar Pradesh

PTI
Published Sep 30, 2017, 5:06 pm IST
Updated Sep 30, 2017, 5:06 pm IST
Price bids were opened on Friday with PNC's bid being lowest (L1).
This is fifth hybrid annuity project for won by PNC Infratech.
 This is fifth hybrid annuity project for won by PNC Infratech.

New Delhi: PNC Infratech on Saturday said it has bagged Rs 2,159 crore contract for six-laning a highway stretch in Uttar Pradesh.

The price bids were opened yesterday with PNC's bid being the lowest (L1), the company said in a BSE filing.

 

"PNC Infratech Ltd has been declared the L1 (lowest) bidder for NHAI project of 145 km long six-laning of Chakeri-Allahabad section of NH 2...to be executed on Hybrid Annuity Mode for a bid project cost of Rs 2,159 crore," it said.

This is the fifth hybrid annuity project won by PNC Infratech having construction period of two years and operation period of 15 years, it added.

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Location: India, Delhi, New Delhi




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