PNC Infratech Secures ₹302.44 Crore Airport Project from AAI
PNC Infratech received an LOI from AAI for works at Pantnagar Airport valued at ₹302.44 crore. The project involves cityside and airside development on an EPC basis and is to be completed within 24 months.
The order value of ₹302.44 crore is substantial and will contribute to the company's order book and future revenue, but it does not represent a transformational change in the company's scale.
The company has secured a significant new order, which is a positive development for its business and revenue prospects.
PNC Infratech Limited has announced the receipt of a Letter of Intent (LOI) from the Airports Authority of India (AAI) for works at Pantnagar Airport in Uttarakhand. The contract, valued at ₹302.44 crore (excluding GST), is for both air and landside development on an EPC basis.
The project encompasses the detailed designing, engineering, procurement, and construction of cityside works, including a new domestic terminal building, associated infrastructure, and airport systems. It also includes airside works such as runway, apron, and taxiway extensions and strengthening, along with associated electrical and mechanical works. The project is to be executed within a period of 24 months from the date of the award.
This development follows earlier announcements made by the company on May 29, 2026. The LOI was issued on July 31, 2026, and the company has confirmed that the promoter/promoter group/group companies do not have any interest in the entity that awarded the contract, and the contract would not fall under related party transactions.
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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.