PNC Infratech Subsidiary Receives Provisional Completion Certificate for HAM Project
PNC Infratech's subsidiary, Kanpur Lucknow Expressway Private Limited, received a Provisional Completion Certificate for a HAM project. The project is declared fit for commercial operations from April 27, 2026. The bid project cost is ₹1413.0 Crores.
The completion of a project, especially a significant one with a bid cost of over ₹1400 Crores, is a material development for an infrastructure company, impacting its revenue recognition and operational status.
The company has received a provisional completion certificate for a project, which is a positive development indicating progress and the nearing of commercial operations.
PNC Infratech Limited announced that its subsidiary, Kanpur Lucknow Expressway Private Limited, has received the Provisional Completion Certificate (PCC/PCOD) for a Hybrid Annuity Mode (HAM) project. The certificate, dated June 10, 2026, was issued by the Independent Engineer on June 11, 2026, declaring the project fit for commercial operations effective April 27, 2026.
The project involves the construction of a six-lane (upgradable to eight-lane) expressway, including a spur, in Uttar Pradesh, under the Bharatmala Pariyojana (Package-I). The appointed date for the project was February 1, 2023, with a scheduled completion period of 910 days. The revised scheduled completion date was April 27, 2026, which aligns with the provisional completion date.
The bid project cost is ₹1413.0 Crores, plus any Price Index Multiple amount as per the Concession Agreement. The contract is between the Concessionaire, Kanpur Lucknow Expressway Private Limited, and the Authority, National Highways Authority of India (NHAI).
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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.