PNC Infratech Limited has announced that its subsidiary, Prayagraj Kaushambi Highway Package 3 Private Limited, has been issued a Provisional Completion Certificate (PCC/PCOD) for a Hybrid Annuity Mode (HAM) highway project in the state of Uttar Pradesh. The certificate, dated 8th May 2026, was issued by the Independent Engineer, declaring the project fit for entry into commercial operations with effect from 31st March 2026.

Project Overview

The project involves the construction of a 4-lane highway from Km 49.155 to Km 74.700 (Singraur Uphar to Baranpur Kadipur Ichauli) of NH-731A with paved shoulders (including Ganga Bridge) in Uttar Pradesh, executed under the Hybrid Annuity Mode as Package-III. The concessionaire for the project is Prayagraj Kaushambi Highway Package 3 Private Limited, a subsidiary of PNC Infratech Limited, with the authority being the Ministry of Road Transport & Highways (MoRT&H) acting through the Uttar Pradesh Public Works Department (UPPWD).

Key Project Details

The following table summarises the key parameters of the completed project as disclosed by the company:

Provisional Completion and Commercial Operations

The Provisional Completion Date of 31st March 2026 was achieved within the 90-day grace period from the Scheduled Completion Date of 31.01.2026. The Independent Engineer issued the PCC/PCOD via e-mail dated 8th May 2026, formally certifying the project's readiness for commercial operations. The disclosure was made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and pursuant to SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

The project, with a Bid Project Cost of Rs. 819.0 Crores (plus Price Index Multiple amount as per the Concession Agreement), represents a significant infrastructure milestone for PNC Infratech and its subsidiary in the highway development sector in Uttar Pradesh.

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:

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.