PNC Infratech secures two EPC road projects from MSRDC worth over ₹4,630 crore
The first project involves the construction of an access-controlled Pune Ring Road (Package PRR E2), spanning from Indori to Chimbali in Pune District.
The contract, with an accepted amount of ₹2,268 crore (exclusive of GST), will have a construction period of 30 months. PNC Infra successfully negotiated the bid from an initial price of ₹2,486 crore.
The second project entails the construction of an access-controlled expressway connector to the Hindu Hrudaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg, covering 28.895 km from Kumbhari to Katneshwar in the Parbhani district.
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This contract was accepted at ₹2,362 crore (exclusive of GST), following negotiations from an initial quoted price of ₹2,508 crore, with a similar 30-month construction timeline.
This week, PNC Infratech 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.
Shares of PNC Infratech ended at ₹446.05, down by ₹5.05, or 1.12% on the BSE.
