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.

PNC Infratech Limited has secured Letters of Acceptance from the National Highways Authority of India (NHAI) for two Hybrid Annuity Model (HAM) projects. The company received the acceptance letters on May 22, 2026, for an aggregate Bid Project Cost (BPC) of Rs. 3483.00 crores, exclusive of GST. The company carries a market capitalisation of Rs. 55 billion.

Project Details

The company emerged as the Lowest (L1) Bidder for both projects, which are domestic orders awarded by the NHAI. The projects involve the construction of 4-lane highways on the section of NH-927 in Uttar Pradesh under the NH(O) Scheme. The contracts stipulate a time period of twenty-four (24) months for the execution of each project.

Financial Breakdown

The following table provides the specific details regarding the Bid Project Cost for each project:

The company confirmed that the promoters, promoter group, or group companies do not have any interest in the entity that awarded the orders. Additionally, the orders do not fall within related party transactions.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE195J01029/8e88662c51014871.pdf