PNC Infratech Limited , a prominent infrastructure development company, has received a significant boost to its project portfolio. The company has secured approval from the Airports Authority of India (AAI) for a major airport development project in Varanasi.

Project Details

The project, valued at ₹297.01 crore (exclusive of GST), involves the development of the Lal Bahadur Shastri International Airport in Varanasi. Here are the key details of the project:

Project Significance

This project marks a significant milestone for PNC Infratech, as it strengthens the company's position in the aviation infrastructure sector. The development and expansion of the Lal Bahadur Shastri International Airport are expected to enhance the air connectivity and capacity of Varanasi, a city of historical and cultural importance.

Contract Award Process

PNC Infratech emerged as the lowest (L1) bidder for this project, demonstrating its competitive edge in the infrastructure development sector. The company received the Letter of Acceptance (LOA) from AAI, confirming its selection for the project.

Company Disclosure

In compliance with regulatory requirements, PNC Infratech has made the necessary disclosures to the stock exchanges. The company has confirmed that this project does not fall under related party transactions, and there is no interest of the promoter/promoter group in the entity awarding the contract.

As PNC Infratech embarks on this significant airport development project, it reinforces its capabilities in executing large-scale infrastructure works. The successful completion of this project could potentially open doors for more opportunities in the aviation infrastructure sector for the company.

PNC Infratech Limited , a prominent infrastructure company, has announced the incorporation of a new wholly owned subsidiary, PNC Renewable Energy Private Limited, on October 13, 2025. This strategic move marks the company's entry into the renewable energy sector, diversifying its portfolio beyond its core infrastructure business.

Key Details of the New Subsidiary

Strategic Implications

The incorporation of PNC Renewable Energy Private Limited represents a significant step for PNC Infratech as it ventures into the growing renewable energy market. This move aligns with the global shift towards sustainable energy solutions and could potentially open up new revenue streams for the company.

Regulatory Compliance

PNC Infratech has complied with the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, in disclosing this development. The company has informed both the BSE Limited and the National Stock Exchange of India Limited about the incorporation of the new subsidiary.

Related Party Considerations

As a wholly owned subsidiary, PNC Renewable Energy Private Limited qualifies as a related party to PNC Infratech Limited. The company has stated that any future transactions with the subsidiary will be conducted at arm's length, ensuring transparency and fairness in their dealings.

Outlook

While the newly incorporated entity is yet to commence operations and currently has no turnover, its formation signals PNC Infratech's intent to diversify and capitalize on opportunities in the renewable energy sector. Stakeholders will likely be watching closely to see how this new venture unfolds and contributes to the company's overall growth strategy in the coming years.

As the renewable energy sector continues to gain prominence in India's energy landscape, PNC Infratech's entry through this subsidiary could position the company to participate in and benefit from the country's clean energy transition.