PNC Infratech Wins Rs 3483 Cr NHAI HAM Projects

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:

Project	Description	Bid Project Cost (Rs. Crores)
Project I	Construction of 4 Lane highway from Barabanki Design Chainage Km 0+000 to Mustafabad Design Chainage Km 43+030 on NH-927 in Uttar Pradesh (Package-I)	1728.00
Project II	Construction of 4 Lane highway from Mustafabad Design Chainage Km 43+030 to Biswariya Design Chainage Km 101+515 on NH-927 in Uttar Pradesh (Package-II)	1755.00
Total	Aggregate Bid Project Cost	3483.00

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

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.02%	-2.40%	+3.23%	-17.64%	-27.07%	-13.68%

PNC Infratech Limited has realized Rs. 2,28,90,37,464.00 from the National Highways Authority of India (NHAI) following a one-time settlement of an arbitration award. The amount was received on May 22, 2026, and represents the net value after the deduction of tax at source (TDS). This payment is pursuant to a Settlement Agreement executed on May 12, 2026, between the infrastructure company and the NHAI.

The settlement was reached under the Vivad Se Vishwas III (Contractual Disputes) Scheme of the Government of India. The agreement pertains to the Agra Bypass EPC Project. The total agreed settlement amount payable by the NHAI was Rs. 234,99,03,465.

Dispute Details

The dispute resolution process was facilitated through the Government e-Market Place (GeM) Portal. The table below outlines the key particulars of the settlement and the financial implications for the company.

Particulars	Details
Name of the Party to Dispute	PNC Infratech Limited (Project: Agra Bypass EPC Project)
Name of the Opposing Party	National Highways Authority of India (NHAI)
Forum for Dispute Resolution	Government e-Market Place (GeM) Portal under Vivad-se-Vishwas III (Contractual Disputes) Scheme
Gross Settlement Amount	Rs. 234,99,03,465
Net Amount Received	Rs. 2,28,90,37,464.00 (after TDS)
Financial Implications	Positive

The company stated that the financial implications of this settlement are positive. The receipt of these funds is expected to bolster the financial position of pnc infratech by recovering dues related to the arbitration award.