PNC Infratech Ltd

PNC Infratech Limited has announced a significant arbitration award in its favor for an amount of ₹244.09 Crores. The award pertains to an EPC project executed for the Public Works Department, Government of Uttar Pradesh (UP PWD). The Arbitral Tribunal, comprising esteemed former Supreme Court judges, published the award on July 31, 2026. The tribunal has directed UP PWD to pay the awarded amount within six months, with a provision for 9% annual interest if payment is delayed. This successful realization of the award is expected to have a positive financial impact on the company.

PNC Infratech Ltd has received a Letter of Intent (LOI) from Airports Authority of India (AAI) for air and landside works at Pantnagar Airport, Uttarakhand. The EPC contract is valued at ₹302.44 Crore (excluding GST) and is to be completed within 24 months. The project involves detailed designing, engineering, procurement, and construction of a new domestic terminal building, parking, electrical sub-station, approach roads, ancillary structures, airport systems, and IT/security systems for cityside works. Airside works include runway extension and strengthening, apron, taxiways, and associated electrical and civil works for navigation aids and lighting systems.

PNC Infratech Ltd has announced that its Board of Directors will convene on August 8, 2026, in Agra. The primary agenda item is to consider and approve the un-audited standalone and consolidated financial results for the first quarter ended June 30, 2026. Concurrently, the company has informed that its trading window for designated employees and connected persons will remain closed until 48 hours after the declaration of these financial results, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

PNC Infratech Limited has signed concession agreements with the National Highways Authority of India (NHAI) for two Hybrid Annuity Mode (HAM) highway projects. The aggregate bid project cost for these projects is ₹3483.00 crore. The projects involve the construction of 4-lane highways in Uttar Pradesh, specifically Package-I (Barabanki to Mustafabad) and Package-II (Mustafabad to Biswariya) on NH-927. Construction is expected to take 24 months from the appointed date, followed by a 15-year operation period.

PNC Infratech Ltd has announced the closure of its trading window for designated employees, specified persons, and connected persons. This closure is in accordance with the company's Code of Conduct for Prohibition of Insider Trading. The window will remain shut from July 1, 2026, until 48 hours after the declaration of the financial results for the quarter ended June 30, 2026. The date for the Board Meeting to approve these financial results will be communicated in due course.

PNC Infratech Limited has announced the incorporation of a wholly-owned subsidiary, 'Barabanki Mustafabad Highway Private Limited', as a Special Purpose Vehicle (SPV). This SPV, with an authorized capital of ₹15,00,000 and paid-up capital of ₹10,00,000, has been established to implement a highway project awarded by the National Highways Authority of India (NHAI). The project involves the construction of a 4-lane highway in Uttar Pradesh on a Hybrid Annuity Model (HAM) basis. The SPV is yet to commence business operations, and the acquisition is not a related party transaction. The company, along with its subsidiary PNC Infra Holdings Limited, has subscribed to 100% of the equity shares.

PNC Infratech Limited has announced the incorporation of a new wholly-owned subsidiary, 'Mustafabad Biswariya Highway Private Limited', on June 16, 2026. This Special Purpose Vehicle (SPV) has been established to implement a highway project awarded by the National Highways Authority of India (NHAI). The subsidiary has an authorized capital of ₹15,00,000 and a subscribed and paid-up capital of ₹10,00,000. The project involves the construction of a 4-lane highway on NH-927 in Uttar Pradesh on a Hybrid Annuity Model (HAM). The subsidiary is yet to commence business operations.

PNC Infratech Ltd. has received a Letter of Acceptance (LOA) from Lucknow Development Authority, Uttar Pradesh, for the construction of a 4-lane flyover with loops and ramps at Shaheed Path Intersection, RHS bank of Gomti River, Lucknow. The project is on an EPC basis and is valued at ₹194.40 Crore, exclusive of GST. The completion period is 24 months. The LOA was received on June 1, 2026.

PNC Infratech Ltd. has emerged as the lowest bidder (L1) for an EPC project at Pantnagar Airport in Uttarakhand. The project involves detailed designing, engineering, procurement, and construction of cityside and airside works. The quoted price for the project is ₹302.44 Crore, excluding GST. The project is awarded by the Airports Authority of India (AAI) and is expected to be completed within 24 months.

PNC Infratech Ltd. announced the receipt of ₹228.9 Crores (net of TDS) on May 22, 2026, from the National Highways Authority of India (NHAI) as a one-time settlement of an arbitration award under the 'Vivad Se Vishwas III (Contractual Disputes)' Scheme. This follows a Settlement Agreement executed on May 12, 2026, for ₹234.99 Crores. The dispute pertains to the Agra Bypass EPC Project, with the settlement processed through the Government e-Market Place (GeM) Portal.