
Business Update4 Feb 2024, 02:22 am
PNC Infratech Subsidiary Receives Communication on Appointed Date for National Highway Project
AI Summary
PNC Infratech Limited (the Company) has received a communication regarding the declaration of the appointed date for a national highway project on hybrid annuity mode. The project, which is being undertaken by one of the company's subsidiaries, Prayagraj Kaushambi Highway Package 3 Private Limited (SPV/Concessionaire), is for the construction of a 4-lane highway from Km 49.155 to Km 74.700 on NH-731A in the state of Uttar Pradesh. The construction period is 24 months, and the concession period is 17 years.,
Key Highlights
- PNC Infratech's subsidiary receives communication on appointed date for national highway project
- Project to be constructed on hybrid annuity mode
- Construction period of 24 months
- Concession period of 17 years