PNC Infratech Incorporates Wholly Owned Subsidiary for Major NHAI Highway Project
PNC Infratech Limited has successfully incorporated a new subsidiary, Mustafabad Biswariya Highway Private Limited, as a Special Purpose Vehicle (SPV). The company established this entity to undertake the construction of a critical highway project awarded by the National Highways Authority of India (NHAI).The incorporation of the subsidiary was finalized on June 16, 2026. This action positions PNC Infratech to implement the required infrastructure development as part of a significant contract.
Mustafabad Biswariya Highway Private Limited has been incorporated into the SPV structure and is designated for the construction work. The entity was formed specifically for this highway project and has yet to commence business operations.
Acquisition and Financial Details
The subsidiary was established through cash consideration subscribed by PNC Infratech Limited, along with its wholly owned subsidiary, PNC Infra Holdings Limited. The acquisition details are as follows:
| Metric | Detail |
|---|---|
| Subsidiary Name | Mustafabad Biswariya Highway Private Limited |
| Incorporation Date | June 16, 2026 |
| Industry | Infrastructure |
| Total Subscription Value | Rs. 10,00,000 |
| Cost of Acquisition | Face value of Rs. 10 per share |
| Shareholding Acquired | 100% (1,00,000 equity shares) |
The subsidiary has an authorized capital of Rs. 15,00,000, comprising 1,50,000 equity shares of Rs. 10 each. The subscription and paid-up capital amount is Rs. 10,00,000.
Project Scope
The newly formed entity will focus on a highway project located in Uttar Pradesh. This project involves the construction of a four-lane highway from Mustafabad Design Chainage Km 43+030 to Biswariya Design Chainage Km 101+515, utilizing the section of NH-927. The work is being executed on HAM Mode under an NH(O) Scheme (Package-II).
Stock Price Movement
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