PNC Infratech Incorporates SPV 'Mustafabad Biswariya Highway Private Limited'
PNC Infratech Limited incorporated 'Mustafabad Biswariya Highway Private Limited' as an SPV on June 17, 2026. The subsidiary, with a paid-up capital of ₹10 lakh, will implement an NHAI highway project in Uttar Pradesh. The company and its subsidiary hold 100% equity.
The incorporation of an SPV for a specific project is a step towards business growth, but the direct financial impact will depend on the project's execution and profitability.
The incorporation of a subsidiary to implement a new highway project awarded by NHAI is a positive development, indicating business expansion and project execution.
PNC Infratech Limited has announced the incorporation of a new subsidiary, 'Mustafabad Biswariya Highway Private Limited', as a Special Purpose Vehicle (SPV). This incorporation, certified on June 17, 2026, with CIN U42101DL2026PTC467500, is aimed at implementing a highway project awarded by the National Highways Authority of India (NHAI).
The SPV has an authorized capital of ₹15,00,000, divided into 1,50,000 equity shares of ₹10 each, and a subscribed and paid-up capital of ₹10,00,000, comprising 1,00,000 equity shares of ₹10 each. The company and its wholly-owned subsidiary, PNC Infra Holdings Limited, have subscribed to 100% of the equity shares at face value, totaling ₹10,00,000. The project involves the construction of a 4-lane highway from Mustafabad Design Chainage Km 43+030 to Biswariya Design Chainage Km 101+515 on NH-927 in Uttar Pradesh, on a Hybrid Annuity Model (HAM) basis.
This subsidiary is yet to commence business operations, and the acquisition does not fall under related party transactions. The incorporation follows previous announcements made on April 21, 2026, and May 22, 2026.
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PNC Infratech Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. 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.