PNC Infratech Incorporates SPV for Major Highway Project under NHAI Scheme
PNC Infratech Limited has established a new Special Purpose Vehicle (SPV) to execute a significant highway construction project awarded by the National Highways Authority of India (NHAI). The company incorporated Mustafabad Biswariya Highway Private Limited as its wholly-owned subsidiary on June 16, 2026.The new entity was created specifically to implement the infrastructure project under the Hybrid Annuity Model (HAM) scheme for a portion of National Highway NH-927 in Uttar Pradesh. The highway construction spans from Mustafabad Design Chainage Km 43+030 to Biswariya Design Chainage Km 101+515, and falls under Package-II of the NH(O) Scheme.
Mustafabad Biswariya Highway Private Limited was incorporated on June 16, 2026, as an SPV dedicated to the highway project. The subsidiary has yet to commence business operations.
Subsidiary Capitalization and Structure
The incorporation details of Mustafabad Biswariya Highway Private Limited are as follows:
| Detail | Information |
|---|---|
| Entity Name | Mustafabad Biswariya Highway Private Limited |
| Industry | Infrastructure |
| Incorporation Date | June 16, 2026 |
| Authorized Capital | Rs. 15,00,000 (representing 1,50,000 Equity shares of Rs. 10 each) |
| Subscribed and Paid Up Capital | Rs. 10,00,000 (representing 1,00,000 Equity shares of Rs. 10 each) |
PNC Infratech Limited, along with its wholly-owned subsidiary PNC Infra Holdings Limited, subscribed the equity shares of Mustafabad Biswariya Highway Private Limited at a face value of Rs. 10 each. This subscription grants the parent companies 100% control and shareholding in the SPV.
The acquisition is categorized as an internal transaction within the infrastructure industry sector. The project involves the construction of a four lane highway segment on NH-927 in Uttar Pradesh.
PNCINFRA Stock Price Movement
PNC Infratech Limited shares gained today in post-market trading, edging higher to close at ₹216.81 after rising 1.81%. The stock saw robust activity during the session, with 826,939 shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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