PNC Infratech Incorporates Subsidiary for NHAI Highway Project Implementation
PNC Infratech Limited has incorporated a new subsidiary, Mustafabad Biswariya Highway Private Limited, as a Special Purpose Vehicle (SPV) aimed at implementing a major highway project awarded by the National Highways Authority of India (NHAI). The incorporation was finalized on June 16, 2026.The new entity is focused on the construction of a four lane highway segment located on NH-927 in Uttar Pradesh. This development falls under a Hybrid Annuity Model (HAM) scheme.
Mustafabad Biswariya Highway Private Limited is being established as a wholly owned subsidiary and SPV to execute the project, which spans from Mustafabad Design Chainage Km 43+030 to Biswariya Design Chainage Km 101+515.
Key details regarding the new entity are summarized below:
| Entity Detail | Value |
|---|---|
| Name | Mustafabad Biswariya Highway Private Limited |
| Incorporation Date | June 16, 2026 |
| Industry | Infrastructure |
| Authorized Capital | Rs 15,00,000 (1.50,000 Equity shares of Rs 10 each) |
| Subscribed and Paid up Capital | Rs 10,00,000 (1,00,000 Equity shares of Rs 10 each) |
The highway acquisition involves a cash consideration subscription. The equity shares of Mustafabad Biswariya Highway Private Limited were acquired at the face value of Rs 10 per share.
PNC Infratech and its wholly owned subsidiary, PNC Infra Holdings Limited, subscribed the shares of Mustafabad Biswariya Highway Private Limited. This joint subscription grants the parent group 100% control over the SPV. The company is building this facility through both itself and through PNC Infra Holdings Limited.
Mustafabad Biswariya Highway Private Limited was incorporated as a Special Purpose Vehicle to complete the highway project as mandated by NHAI.
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