PNC Infratech emerges Lowest Bidder for Purvanchal Expressway project

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Capital Market
Last Updated : May 24 2018 | 10:16 PM IST
PNC Infratech has been declared the L1 (lowest) bidder for the 42.7 km long 4th package of Lucknow - Ghazipur Six Lane Access Controlled Purvanchal Expressway Project from Siddhi Ganeshpur to Sansarpur (District Sultanpur) in the state of Uttar Pradesh on EPC basis for a value of Rs. 1738.44 crore. The price bids were opened on Thursday, May 24, 2018, with PNC's bid being the lowest (L1). Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) is the Proponent for the 341.0 km long Green Field Expressway comprising eight individual packages. Construction of the project is to be completed in 30 months.

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First Published: May 24 2018 | 9:58 PM IST

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