NewsPNC Infratech JV Declared L1 Bidder for Rs. 571.81 Crore Ganga Bridge EPC Project in KanpurPNC Infratech JV Declared L1 Bidder for Rs. 571.81 Crore Ganga Bridge EPC Project in Kanpur
A JV of PNC Infratech and SPS Constructions India Private Limited (50:50) has been declared L1 bidder by UP State Bridge Corporation Ltd. for the construction of a 4-lane major bridge over the Ganga River in Kanpur on EPC mode, at a quoted price of Rs. 571.81 Crore, with a completion period of 36 months. The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015, and signed by Company Secretary Tapan Jain.
*this image is generated using AI for illustrative purposes only.
A joint venture (JV) comprising PNC Infratech and SPS Constructions India Private Limited has emerged as the First Lowest (L1) bidder for a significant infrastructure project in Uttar Pradesh. The development was disclosed pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, on 13.5.2026.
Project Overview
The JV has been declared L1 bidder by UP State Bridge Corporation Ltd. (UPSBC) for the "Construction of 4-Lane Major Bridge Over Ganga River with Footpath on Bhairoghat Dhobighat Jalkal Campus, Connecting to Trans Ganga City to Kanpur City, including Approach Roads, and Protection Works in District Kanpur UP on EPC Mode." The project was awarded at a quoted price of Rs. 571.81 Crore (Rupees Five Hundred Seventy-One Crore and Eighty-One Lakhs only), with the price bids opened on 13.5.2026. The two JV members — PNC Infratech and SPS Constructions India Private Limited — hold an equal participation ratio of 50:50.
Key Project Details
The following table summarises the key parameters of the awarded contract as disclosed by the company:
| Parameter: | Details |
|---|---|
| Awarding Entity: | UP State Bridge Corporation Ltd. (UPSBC) |
| Project Type: | Engineering, Procurement and Construction (EPC) |
| Project Nature: | Construction of 4-Lane Major Bridge Over Ganga River with Footpath, Approach Roads, and Protection Works in District Kanpur, UP |
| Domestic / International: | Domestic |
| Quoted Price: | Rs. 571.81 Crore |
| JV Participation Ratio: | 50:50 (PNC Infratech Ltd. and SPS Constructions India Pvt. Ltd.) |
| Completion Period: | 36 Months |
| Related Party Transaction: | Not Applicable |
| Promoter/Group Interest in Awarding Entity: | No |
Disclosure and Compliance
The disclosure was made in accordance with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. PNC Infratech also noted that, pursuant to its code of conduct on prohibition of insider trading and the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended from time to time, the trading window for dealing in the securities of the company by its designated employees, immediate relatives, specified persons, and connected persons has already been closed. The communication 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 |
|---|---|---|---|---|---|
| +0.31% | +0.89% | +18.59% | -20.49% | -15.04% | -3.19% |
How might the successful completion of this Ganga River bridge project impact PNC Infratech's order book and revenue recognition over the next 36 months?
Could this L1 bid win signal PNC Infratech's strategic expansion into UP State Bridge Corporation projects, and what other UPSBC tenders might the company target?
How will the 50:50 JV structure with SPS Constructions affect risk-sharing, project execution efficiency, and margin outcomes for PNC Infratech?
18
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
