PNC Infratech Incorporates Subsidiary as SPV for NHAI Highway Project
PNC Infratech Limited has incorporated a wholly owned subsidiary in the name of Mustafabad Biswariya Highway Private Limited. The subsidiary was established on June 16, 2026, and is designated as a Special Purpose Vehicle (SPV) to implement a major highway project awarded by the National Highways Authority of India (NHAI).The company has acquired 100% control of Mustafabad Biswariya Highway Private Limited through its own subscription and the subscription made by its wholly owned subsidiary, PNC Infra Holdings Limited. This venture is specifically aimed at the construction of a four-lane highway from Mustafabad Design Chainage Km 43+030 to Biswariya Design Chainage Km 101+515 on the section of NH-927 in Uttar Pradesh. The project falls under the HAM Mode and the NHAI Scheme (Package-II).
The incorporation and subsequent acquisition details highlight the strategic move by PNC Infratech to undertake this infrastructure initiative.
Key operational and financial details regarding the subsidiary are provided below:
| Detail | Information |
|---|---|
| Subsidiary Name | Mustafabad Biswariya Highway Private Limited |
| Date of Incorporation | June 16, 2026 |
| Project Scope | Construction of a 4 Lane highway on NH-927 in Uttar Pradesh (HAM Mode) |
| 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) |
| Cost/Consideration | Cash Consideration subscription by PNC Infratech Limited along with its wholly owned subsidiary, aggregating to 100% |
The acquisition was completed through a cash consideration subscription for the equity shares of Mustafabad Biswariya Highway Private Limited at a face value of Rs. 10 each. The entity, which is yet to commence business operations, is set up as an SPV solely for the purpose of completing this highway project awarded by NHAI.
KOTYARK Stock Price Movement
Shares of Kotyark Industries Limited today shed 0.49% in the post-market session, settling at ₹400. The stock recorded a total traded volume of 28,584 shares during the trading period.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.