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PNC Infratech bags two EPC packages of Purvanchal Expressway for Rs 2520 cr

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Capital Market
PNC Infratech has been declared the L1 (lowest) bidder in the following two contiguous packages of Lucknow - Ghazipur Six Lane Access Controlled Purvanchal Expressway Project in the state of Uttar Pradesh for an aggregate quoted value of Rs. 2520.00 crore.

The price bids were opened on 09 July 2018, with PNC's bids being the lowest (L1) in two packages. 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 each package is to be completed in 36 months on EPC mode.

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First Published: Jul 09 2018 | 4:33 PM IST

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