PNC Infratech subsidiary receives PCOD for Kanpur Lucknow Expressway

PNC Infratech has announced that its subsidiary, Kanpur Lucknow Expressway Private Limited, received the Provisional Completion Certificate (PCOD) for the Kanpur Lucknow Expressway project. The Independent Engineer issued the certificate via email on June 11, 2026, declaring the project fit for commercial operations effective April 27, 2026. This milestone marks the transition from the construction phase to the operational phase for the Hybrid Annuity Mode (HAM) project.

Key Project Details

The project involves the construction of a six-lane expressway upgradable to eight lanes, including a spur from km 10.980 to km 28.500 in Uttar Pradesh. Executed under the Bharatmala Pariyojana (Package-1), the concession agreement is with the National Highways Authority of India (NHAI).

Parameter	Details
Project Name	Kanpur Lucknow Expressway
Concessionaire	Kanpur Lucknow Expressway Private Limited
Authority	National Highways Authority of India (NHAI)
Mode	Hybrid Annuity Mode (HAM)
Appointed Date	01.02.2023
Provisional Completion Date	27.04.2026
Bid Project Cost	₹1413.0 Crores

The completion period was set at 910 days from the appointed date. The bid project cost is ₹1413.0 Crores, plus a Price Index Multiple amount as per the Concession Agreement. The filing was made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.86%	-4.12%	-9.14%	-18.92%	-36.32%	-21.26%

PNC Infratech Limited has secured a Letter of Acceptance from Lucknow Development Authority for the construction of a 4-lane flyover in Uttar Pradesh, valued at ₹194.40 crore. The project, awarded on an Engineering, Procurement, and Construction (EPC) basis, involves building a flyover with two loops and two ramps at the Shaheed Path Intersection on the right-hand side bank of the Gomti River in Lucknow. The contract, exclusive of GST, was formally received by the company on June 1, 2026, and carries a completion period of 24 months.

The order was issued by a domestic entity, Lucknow Development Authority, Uttar Pradesh. The disclosure was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the promoter, promoter group, or group companies hold no interest in the entity awarding the contract, and the transaction does not fall within related party transactions.

Project Details

The following table outlines the key particulars of the awarded contract:

Particulars:	Details
Awarding Entity:	Lucknow Development Authority, Uttar Pradesh
Contract Type:	Engineering, Procurement and Construction (EPC)
Domestic / International:	Domestic Entity
Nature of Work:	Construction of 4-Lane Flyover with 2 loops and 2 ramps at Shaheed Path Intersection, RHS bank of Gomti River, Lucknow (UP)
Completion Period:	24 Months
Contract Value:	₹194.40 Crore (exclusive of GST)
Promoter / Group Interest in Awarding Entity:	No
Related Party Transaction:	Not Applicable