PNC Infratech Subsidiary Receives Provisional Completion Certificate for Rs. 1513.0 Crores Kanpur Lucknow Expressway Project
PNC Infratech Limited announced that its subsidiary Awadh Expressway Private Limited has received a Provisional Completion Certificate for the Kanpur Lucknow Expressway project under Bharatmala Pariyojana. The project, involving construction of 6-lane upgradable to 8-lane expressway from km 28.500 to 73.744 km in Uttar Pradesh, was executed under Hybrid Annuity Mode with NHAI. The certificate dated 04.02.2026 declares the Rs. 1513.0 crores project fit for commercial operations from 1st October, 2025.

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PNC Infratech Limited has announced that its subsidiary Awadh Expressway Private Limited has achieved a significant milestone with the receipt of a Provisional Completion Certificate for the Kanpur Lucknow Expressway project. The certificate, issued by the Independent Engineer on 04.02.2026, declares the project fit for entry into commercial operations with effect from 1st October, 2025.
Project Overview
The completed project involves the "Construction of 6-lane upgradable to 8-lane of Kanpur Lucknow Expressway including spur from km 28.500 to 73.744 km in the State of Uttar Pradesh on Hybrid Annuity Mode under Bharatmala Pariyojana (Package-2)". This infrastructure development is part of the government's ambitious Bharatmala Pariyojana initiative aimed at enhancing highway connectivity across the country.
Project Details and Timeline
The project was executed under a Hybrid Annuity Mode (HAM) contract with the National Highways Authority of India (NHAI) serving as the contracting authority. Key project parameters are outlined below:
| Parameter: | Details |
|---|---|
| Concessionaire: | Awadh Expressway Private Limited |
| Authority: | National Highways Authority of India (NHAI) |
| Contract Mode: | Hybrid Annuity Mode (HAM) |
| Appointed Date: | 10.11.2022 |
| Completion Period: | 910 days |
| Scheduled Completion: | 08.05.2025 |
| Provisional Completion: | 01.10.2025 |
| Project Cost: | Rs. 1513.0 crores (plus Price Index Multiple) |
Financial Significance
The project carries a Bid Project Cost (BPC) of Rs. 1513.0 crores, plus Price Index Multiple amount as per the Concession Agreement. This substantial investment underscores the scale and importance of the infrastructure development in connecting Kanpur and Lucknow, two major cities in Uttar Pradesh.
Completion and Operations
The project achieved provisional completion on 1st October, 2025, with an extension of time granted by the competent authority. The Independent Engineer's certification on 04.02.2026 formally validates the project's readiness for commercial operations, marking the successful completion of this critical infrastructure link.
Regulatory Compliance
PNC Infratech made this announcement in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and timely disclosure to stakeholders. The company provided comprehensive project details pursuant to SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, demonstrating its commitment to regulatory compliance and investor transparency.
Historical Stock Returns for PNC Infratech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.49% | +8.96% | -8.87% | -26.57% | -20.72% | +1.32% |


































