PNC Infratech Limited , a prominent infrastructure development company, has emerged as the lowest bidder for a significant bridge construction project in Bihar. The company has secured a contract valued at ₹495.54 crore, excluding GST, for the construction of a high-level bridge and approach road in the state.

Project Details

The project, awarded by the Bihar State Road Development Corporation (BSRDC), involves the "Construction of High Level Bridge and Approach Road on Hathouri-Atrar-Bavangama-Aurai Road" in Bihar. The scope of work includes:

• Construction of a high-level bridge
• Development of approach roads
• Total project length: 21.30 km

Contract Specifics

PNC Infratech emerged as the L1 (lowest) bidder in the tender process, with the financial bids opened on September 4. The company's competitive pricing strategy has likely played a crucial role in securing this significant infrastructure project.

Company Disclosure

In compliance with regulatory requirements, PNC Infratech has disclosed this information to the stock exchanges. The company has also implemented measures to maintain transparency and prevent insider trading:

• The trading window for dealing in the company's securities will remain closed for designated employees, immediate relatives, specified persons, and connected persons for 48 hours following the announcement.
• This adherence to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, underscores PNC Infratech's commitment to corporate governance and regulatory compliance.

The successful bid for this substantial infrastructure project in Bihar demonstrates PNC Infratech's strong position in the construction sector and its ability to secure high-value contracts. As the company embarks on this new venture, it is poised to contribute significantly to the development of Bihar's road infrastructure while potentially enhancing its own market position.

PNC Infratech Limited has emerged as the lowest bidder for a significant airport infrastructure project in Varanasi, marking a notable achievement for the company in the aviation sector.

Project Details

PNC Infratech has been declared the L1 (lowest) bidder for the development of Lal Bahadur Shastri International Airport in Varanasi. The project, valued at Rs 297.01 crore, was floated by the Airports Authority of India (AAI) and includes the following key components:

• Extension of the existing runway
• Re-carpeting and strengthening of the current runway
• Allied works

Contract Specifics

According to the company's disclosure to the stock exchanges:

Significance of the Project

This contract win represents a strategic move for PNC Infratech, expanding its footprint in airport infrastructure development. The Varanasi airport project is particularly significant given the city's importance as a cultural and religious center, as well as its growing status as a key tourist destination.

Company Statement

Tapan Jain, Company Secretary & Compliance Officer of PNC Infratech, confirmed the development in a regulatory filing. The company stated that the financial bids for the project were opened, with PNC Infratech emerging as the lowest bidder.

Market Impact

Following this announcement, investors and market analysts will likely be watching PNC Infratech's performance closely. The project adds to the company's order book and demonstrates its competitive edge in securing large-scale infrastructure contracts.

Conclusion

The successful bid for the Varanasi airport runway development project underscores PNC Infratech's growing presence in India's infrastructure sector. As the company prepares to execute this significant project, it will be interesting to observe how this contract influences its financial performance and market position in the coming quarters.