PNC Infratech Limited Signs Concession Agreements for Two HAM Projects Worth Rs.3483.00 Crore
PNC Infratech Limited has announced the execution of concession agreements with the National Highways Authority of India (NHAI) for two Hybrid Annuity Mode (HAM) highway projects in Uttar Pradesh. The agreements were signed on July 16, 2026, involving Special Purpose Vehicles (SPVs) incorporated by the company to implement the projects.The combined bid project cost for these two developments totals Rs. 3483.00 crore. Both projects are situated on the NH-927 section in Uttar Pradesh and fall under the NH(O) Scheme.
Project Details and Financial Outlay
The following table outlines the specific project names, the respective Special Purpose Vehicles acting as concessionaires, and the associated bid project costs:| SN. | Project Name | Name of SPV (Concessionaire) | Bid Project Cost (Rs. Crore) |
|---|---|---|---|
| 1. | Construction of 4 Lane highway from Barabanki Design Chainage Km 0+000 to Mustafabad Design Chainage Km 43+030 (Existing Chainage Km 0.000 to Chainage Km 43.700) on the section of NH-927 in Uttar Pradesh on HAM Mode under NH (O) Scheme (Package-I) | Barabanki Mustafabad Highway Private Limited | 1728.00 |
| 2. | Construction of 4 Lane highway from Mustafabad Design Chainage Km 43+030 to Biswariya Design Chainage Km 101+515 (Existing Chainage Km 43.700 to chainage Km 98.475) on the section of NH-927 in Uttar Pradesh on HAM Mode under NH(O) Scheme (Package-II) | Mustafabad Biswariya Highway Private Limited | 1755.00 |
Construction and Operation Timeline
The projects are scheduled to be constructed over a period of 24 months following the declaration of the respective appointed dates. Upon completion of the construction phase, the highway segments are slated for operation for a duration of 15 years.PNCINFRA Stock Price Movement
Shares of PNC Infratech Limited surged by 5.08% to ₹256.44 as of 11:08 AM today. The stock is seeing active participation with a volume of 245,379 shares as it prints higher in live trading.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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