You are here: Home » News-CM » Companies » News
Business Standard

PNC Infratech signs concession agreement for NHAI project

Capital Market 

PNC Infratech has signed the concession agreement for the following national highway project with National Highways Authority of India (NHAI) on 31 August 2020:

Four-laning of Meerut - Nazibabad section of NH-119 (New NH-34) from design chainage Km 11+500 (Meerut) to 39.250 (Behsuma) and from km 79.500 (Bijnor) to 105.700 (Jalalabad), in the state of Uttar Pradesh under Bharatmala Pariyojna on Hybrid Annuity Mode (HAM)

The bid project cost is Rs 1412 crore.

In the current financial year, the Company has executed concession agreements for four (4) national highway projects including the above project, to be executed on HAM model with NHAI for an aggregate Bid Project Cost of Rs. 6596.0 crore.

The Company has also executed agreements for two national highway projects on EPC mode with NHAI for a total contract value of Rs. 1547.8 crore, in the current financial yea

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, September 01 2020. 15:15 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU