PNC Infratech Subsidiary Achieves Provisional Completion for Kanpur Lucknow Expressway Project
PNC Infratech's subsidiary, Awadh Expressway Private Limited, received provisional completion for the Kanpur Lucknow Expressway project. The project, valued at ₹1513.0 Crores, is operational from October 1, 2025. The Provisional Completion Certificate was issued on February 4, 2026.
The completion of a significant infrastructure project contributes to the company's asset base and operational capabilities, impacting its long-term growth prospects.
The provisional completion of a major expressway project signifies progress and potential future revenue generation for the company.
PNC Infratech Limited has announced that its subsidiary, Awadh Expressway Private Limited, has achieved provisional completion for the 'Construction of 6-lane upgradable to 8-lane of Kanpur Lucknow Expressway including spur from km 28.500 to 73.744 km in the State of Uttar Pradesh on Hybrid Annuity Mode under Bharatmala Pariyojana (Package-2)'. The Provisional Completion Certificate (PCC/PCOD) was issued on February 4, 2026, declaring the project fit for entry into commercial operations effective October 1, 2025. The project, executed under a Hybrid Annuity Mode (HAM) contract with the National Highways Authority of India (NHAI), has a Bid Project Cost (BPC) of ₹1513.0 Crores, plus any Price Index Multiple amount as per the concession agreement. The appointed date for the project was November 10, 2022, with a scheduled completion period of 910 days. The originally scheduled completion date was May 8, 2025, but an extension of time was granted, leading to a provisional completion date of October 1, 2025.
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