PNC Infratech bags Rs 1,155 crore road project

PNC Infratech on Thursday said it has bagged a Rs 1,155 crore contract for four-laning of a road project in Uttarakhand and Uttar Pradesh.

In a filing to BSE, the company said that it "has been declared the L1 (lowest) bidder for the project of four-laning of Nagina-Kashipur section of NH-74 from km 73.000 to Km 175.00 in the states of Uttarakhand and Uttar Pradesh under NHDP IV".

It further said: "The contract amount for this NHAI project, to be executed on EPC (engineering, procurement and construction) basis, is Rs 1155.70 crore."

PNC said its total order intake during the financial year 2015-16, ending on Thursday, now stands at over Rs 3,900 crore.

PNC Infratech is an infrastructure, construction, development and management company. It has expertise in areas such as highways, bridges, flyovers and airport runways.