PNC Infratech Secures Major Contract for 4-Lane Bridge Construction on Ganga River
PNC Infratech Limited announced the receipt of a Letter of Acceptance on May 13, 2026, for a major infrastructure project by the UP State Bridge Corporation Ltd. (UPSBC). The project involves the construction of a 4-Lane Major Bridge over the Ganga River with a Footpath on the Bhairoghat Dhobighat Jalkal Campus, connecting Trans Ganga City to Kanpur City, including approach roads and protection works in District Kanpur.The Letter of Acceptance confirms that the Joint Venture (JV), comprising SPS Constructions India Pvt Ltd (SPSCIPL) and PNC Infratech Ltd (PNCIL), was declared the L1 bidder following the opening of price bids on May 13, 2026. Following negotiations on the quoted price, the JV successfully reduced the bid from Rs. 571.81 crore to Rs. 559.53 Crore (Rupees Five Hundred Fifty-Nine Crore and Fifty-Three Lakhs only), which was accepted by the Authority.
The contract details the project scope, financial consideration, and execution terms. The project falls under the Engineering, Procurement and Construction (EPC) mode and is executed by a domestic entity.
According to the details provided, the key parameters of the awarded contract are outlined below:
| Particulars | Details |
|---|---|
| Awarding Entity | UP State Bridge Corporation Ltd. (UPSBC) |
| Project Scope | Construction of 4-Lane Major Bridge Over Ganga River with Footpath on Bhairoghat Dhobighat Jalkal Campus, Connecting to Trans Ganga City to Kanpur City, including Approach Roads and Protection Works in District Kanpur |
| JV Composition | SPSCIPL and PNCIL (50:50 participation ratio) |
| Final Negotiated Price | Rs. 559.53 Crore (Excluding GST) |
| Completion Period | 36 Months |
The company confirmed that there is no interest held by the promoter or the promoter group in the entity that awarded the contract, and the contract does not fall within related party transactions.
PNCINFRA Stock Price Movement
Shares of PNC Infratech Limited are edging higher to ₹221.28 as of 2:02 PM today, posting a gain of 0.35%. Trading remains active on the stock, with 799,291 shares traded in the live market.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.