PNC Infratech Emerges as L1 Bidder for ₹194.40 Crore EPC Flyover Project in Lucknow
PNC Infratech has been declared the L1 bidder for a ₹194.40 Crore domestic EPC contract awarded by the Lucknow Development Authority for the construction of a 4-lane flyover with 2 loops and 2 ramps at Shaheed Path Intersection, RHS bank of Gomti River, Lucknow. The project is to be completed within 24 months, with no related-party transaction or promoter group interest involved. The disclosure was made in compliance with SEBI regulations and signed by Company Secretary Tapan Jain.
*this image is generated using AI for illustrative purposes only.
PNC Infratech has emerged as the L1 (First Lowest) — or top — bidder for a significant infrastructure project awarded by the Lucknow Development Authority, Uttar Pradesh. The company secured the bid on 7.5.2026 at a quoted price of ₹194.40 Crore (Rupees One Hundred Ninety Four Crore and Forty Lakhs only), pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Project Overview
The project entails the "Construction of 4 Lane Flyover with 2 loops and 2 ramps at Shaheed Path Intersection, RHS bank of Gomti River, Lucknow (UP) on EPC Basis." This is a domestic contract awarded by the Lucknow Development Authority and is to be executed under the Engineering, Procurement and Construction (EPC) model — a delivery method where a single contractor is responsible for all engineering design, procurement of materials, and construction activities. The project has a completion period of 24 months.
Key Project Details
The following table summarizes the key parameters of the project as disclosed by the company:
| Parameter: | Details |
|---|---|
| Awarding Entity: | Lucknow Development Authority, Uttar Pradesh |
| Nature of Contract: | Construction of 4 Lane Flyover with 2 loops and 2 ramps at Shaheed Path Intersection, RHS bank of Gomti River, Lucknow (UP) on EPC Basis |
| Contract Type: | Engineering, Procurement and Construction (EPC) |
| Domestic / International: | Domestic |
| Quoted Price: | ₹194.40 Crore |
| Completion Period: | 24 Months |
| Related Party Transaction: | Not Applicable |
| Promoter / Promoter Group Interest: | No |
Compliance and Disclosure
The disclosure was made in accordance with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. The company confirmed that neither the promoter nor the promoter group nor any group companies have any interest in the Lucknow Development Authority, and the contract does not constitute a related-party transaction. The company's trading window for dealing in its securities by designated employees, immediate relatives, specified persons, and connected persons has already been closed, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The disclosure was signed by Tapan Jain, Company Secretary & Compliance Officer.
Historical Stock Returns for PNC Infratech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.42% | +5.06% | +30.84% | -19.02% | -10.12% | +1.19% |
How will this ₹194.40 Crore contract impact PNC Infratech's overall order book and revenue visibility for FY2026-27?
Given the 24-month completion timeline, what execution risks could PNC Infratech face amid rising construction material costs and urban project complexities in Lucknow?
Are there additional infrastructure projects in Uttar Pradesh's pipeline that PNC Infratech could potentially bid for, given the state's aggressive urban development push?
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