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:

PNC Infratech Limited has emerged as the L1 (First Lowest) bidder for a significant infrastructure project at Pantnagar Airport in Uttarakhand. The Airports Authority of India (AAI) declared the company as the successful bidder for the Engineering, Procurement, and Construction (EPC) contract on May 29, 2026. The project carries a quoted price of Rs 302.44 crore, excluding GST, marking a substantial addition to the company's order book.

The project scope encompasses extensive cityside and airside works. Cityside operations include the construction of a New Domestic Terminal Building with parking, an Electrical Sub-Station, Approach Roads, Ancillary Structures, and Allied Works. It also covers associated MEP and Electro-Mechanical works, alongside Airport, IT, and Security Systems, including maintenance, operation, and AICMC.

Airside works involve the extension and strengthening of the runway, apron, taxiways, and an isolation bay. The contract further includes grading, civil and electrical works for NAV-AIDS facilities, a perimeter road, and a runway lighting system. The entire project is to be executed on an EPC basis within a completion period of 24 months.

The disclosure was made to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order has been awarded by a domestic entity, and the company confirmed that the transaction does not fall within related party transactions. There is no interest held by the promoter, promoter group, or group companies in the Airports Authority of India.

Consequently, the trading window for dealing in the securities of PNC Infratech Limited by its designated employees, immediate relatives, specified persons, and connected persons has been closed. This closure is in accordance with the company's code of conduct for the prohibition of insider trading and the SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will remain shut until 48 hours after this announcement.