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PNC Infratech update on Purvanchal Expressway project bid

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Capital Market

Govt. of Uttar Pradesh decides to re-invite bids for Purvanchal Expressway

PNC Infratech announced that Government of Uttar Pradesh has cancelled the on-going bidding process of 341.0 km long Purvanchal Expressway project comprising of eight individual packages and decided to go for fresh bidding.

The company has earlier informed that it was declared as L1 (lowest) bidder for the 4th package of the above project on EPC basis for a quoted price of Rs. 1738.44 crore, which now stands cancelled.

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First Published: Jun 15 2018 | 4:56 PM IST

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