PNC Infratech receives LoA for road project in Uttar Pradesh

Secures LoA for contracts valued over Rs 1000 crore in current quarter

PNC Infratech has received letter of acceptance (LoA) for the project of construction of three lane road on both sides of Sharda Sahayak Feeder Canal from Lucknow-Faizabad Road to Lucknow-Sultanpur Road, in the state of Uttar Pradesh on 28 March 2016, for which it was declared the lowest bidder (L1) on 10 February 2016.

During the current quarter PNC has received letters of award for a total contract value of over Rs. 1,000 crore in respect of the following projects:

1. Airport Runway Project at Air Force Station, Chakeri, Kanpur : Rs. 167.17 crore
2. Improvement/augmentation of Aligarh-Moradabad section of NH-93 : Rs. 644.50 crore
3. Three lane road on both sides of Sharda Sahayak Feeder Canal : Rs. 205.69 crore.

The firm's total order book, in terms of contracts pending execution, now stands at over Rs. 4,300 crore; this includes the project of 4-laning of Varanasi-Gorakhpur section of NH-29 (Package II) where the company was declared L1 for bid price of Rs. 868.5 crore on 9 March 2016, but is yet to receive the letter of award (LoA).

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