PNC Infratech secures ₹2,039.61 crore contract from CIDCO for NAINA infrastructure project

Construction engineering company PNC Infratech Ltd on Friday (October 11) said the company in a joint venture with Aakshya Infra Projects Private, has received a Letter of Acceptance from the City & Industrial Development Corporation of Maharashtra Ltd (CIDCO) for an infrastructure project under the Navi Mumbai Airport Influence Notified Area (NAINA) development initiative.

The contract, valued at ₹2,039.61 crore (exclusive of GST), was awarded to PNC Infratech following successful negotiations that reduced the initial bid of ₹2,090.59 crore.

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The scope of work involves the comprehensive development of integrated infrastructure, including the construction of 20-meter-wide and larger roads, major and minor structures such as flyovers, minor bridges, vehicular underpasses (VUPs), pedestrian underpasses (PUPs), and associated electrical work, specifically street lighting across TPS-8, TPS-9, and TPS-12 areas under the NAINA project.

Awarded on an Engineering, Procurement, and Construction (EPC) basis, the project will be executed within a 1,460-day timeline, inclusive of monsoon periods.

Shares of PNC Infratech Ltd ended at ₹441.00, down by ₹1.95, or 0.44% on the BSE.

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