PNC Infratech emerges L1 bidder for ₹194.40 Crore EPC project in Lucknow
PNC Infratech has been declared the L1 bidder for a ₹194.40 Crore EPC project by the Lucknow Development Authority. The project involves constructing a 4-lane flyover in Lucknow and is expected to be completed within 24 months.
The value of the project (₹194.40 Crore) is material for the company and is expected to contribute to its order book and future revenues, although it does not represent a transformative event.
The company has emerged as the lowest bidder for a significant project, indicating potential future revenue and business growth.
PNC Infratech Limited has announced that it has emerged as the L1 (First Lowest) bidder for an EPC project awarded by the Lucknow Development Authority in Uttar Pradesh. The project involves the construction of a 4-lane flyover with two loops and two ramps at the Shaheed Path Intersection, on the RHS bank of the Gomti River in Lucknow. The quoted price for this project is ₹194.40 Crore.
The project is to be executed on an Engineering, Procurement, and Construction (EPC) basis. The estimated completion period for this contract is 24 months from the date of award. This is a domestic order awarded by a domestic entity.
The company has also informed that the trading window for dealing in the securities of the company by designated employees and connected persons has been closed, in accordance with SEBI regulations.
What to do with a filing like this
PNC Infratech Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by PNC Infratech Limited. Read the original for the full detail.