Business Update14 May 2026, 01:29 pm
PNC Infratech Receives ₹559.53 Cr Order from UP State Bridge Corp
AI Summary
PNC Infratech Ltd announced that it has received a Letter of Acceptance from UP State Bridge Corporation Ltd for the construction of a 4-Lane Major Bridge over Ganga River in Kanpur on EPC mode. The project, awarded to a JV comprising PNC Infratech and SPS Constructions India, involves connecting Trans Ganga city to Kanpur City, including approach roads and protection works. The negotiated price for the project is ₹559.53 Crore, excluding GST, reduced from an initial quoted price of ₹571.81 crore. The project is to be executed within 36 months.
Key Highlights
- PNC Infratech JV receives Letter of Acceptance from UP State Bridge Corporation.
- Project involves construction of a 4-lane bridge over Ganga River in Kanpur.
- Negotiated project cost is ₹559.53 Crore, excluding GST.
- Project completion timeline is 36 months.
- JV comprises PNC Infratech and SPS Constructions India with 50:50 participation.