PNC Infratech Incorporates Subsidiary for NHAI Highway Project
PNC Infratech Limited has successfully incorporated a wholly-owned subsidiary, Barabanki Mustafabad Highway Private Limited, established as a Special Purpose Vehicle (SPV) to execute a major highway project awarded by the National Highways Authority of India (NHAI).The SPV was incorporated on June 17, 2026, and is dedicated to the construction of a 4-lane highway on NH-927 in Uttar Pradesh. This undertaking falls under the HAM Mode (Hybrid Annuity Model) and the NH(O) Scheme (Package-I). The specific project involves constructing the route from Barabanki Design Chainage Km 0+000 to Mustafabad Design Chainage Km 43+030, covering the existing chainage stretch of 0.000 to 43.700.
The incorporation establishes Barabanki Mustafabad Highway Private Limited as a wholly owned subsidiary designed specifically for this infrastructure project.
Project and Capital Structure Details
PNC Infratech Limited, along with its Wholly Owned Subsidiary, PNC Infra Holdings Limited, has undertaken the subscription of equity shares in Barabanki Mustafabad Highway Private Limited through a cash consideration model. The company acquired 100% control over the subsidiary.The financial structure and project details are outlined below:
| Feature | Detail |
|---|---|
| Target Entity | Barabanki Mustafabad Highway Private Limited |
| Industry Sector | Infrastructure |
| Status of SPV | Wholly Owned Subsidiary (SPV) |
| Authorized Capital | Rs 15,00,000/- (1,50,000 Equity shares at Rs 10 each) |
| Subscribed and Paid up Capital | Rs 10,00,000/- (1,00,000 Equity shares at Rs 10 each) |
| Transaction Type | Cash Consideration through subscription by PNC Infratech Limited and PNC Infra Holdings Limited |
The acquisition represents a commitment of Rs 10,00,000/-, with the initial subscription aggregating 100% of the equity shares of Barabanki Mustafabad Highway Private Limited. The SPV is currently positioned to implement the highway project awarded by NHAI.
PNCINFRA Stock Price Movement
Shares of PNC Infratech Limited are surging as of 10:00 AM today, trading at ₹229.21 after gaining ₹3.20 or 1.42%. The stock has seen a volume of 170,346 shares traded so far this morning, maintaining an intraday range between a low of ₹224.31 and a high of ₹229.40.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.