PNC Infratech's Stock Rises After Winning ₹3,483 Crore NHAI Projects
PNC Infratech gains after emerging as L1 bidder for Rs 3,483-cr NHAI projects
Business Standard
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PNC Infratech's shares increased by 7.29% to ₹223.60 after it became the lowest bidder for two National Highway Authority of India (NHAI) projects worth ₹3,483 crore. The projects, located in Uttar Pradesh, will be executed under the hybrid annuity mode with a 24-month completion timeline.
- 01PNC Infratech's stock surged by 7.29% following its bid win.
- 02The company is the lowest bidder for two NHAI projects totaling ₹3,483 crore.
- 03Both projects are located in Uttar Pradesh and involve constructing 4-lane highways.
- 04Each project has a completion timeline of 24 months.
- 05PNC Infratech reported a decline in net profit and revenue in Q3.
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PNC Infratech's stock price rose by 7.29% to ₹223.60 after the company emerged as the lowest (L1) bidder for two National Highway Authority of India (NHAI) projects, with a total bid cost of ₹3,483 crore. The financial bids for these projects were opened on April 21, 2026. Both projects are situated in Uttar Pradesh, specifically on the NH-927 section, and will be executed under the hybrid annuity mode (HAM) as part of the NH (O) scheme. The first project involves constructing a 4-lane highway from Barabanki to Mustafabad, with a bid cost of ₹1,728 crore, while the second project, from Mustafabad to Biswariya, has a bid cost of ₹1,755 crore. Each project is expected to be completed within 24 months. Despite this positive development, PNC Infratech reported a 5.8% year-on-year decline in net profit to ₹76.7 crore for the third quarter, down from ₹81.4 crore in the same period last year, while revenue from operations fell by 18.3% to ₹1,200 crore from ₹1,470 crore.
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The successful bidding for these highway projects could lead to increased employment opportunities in the region, as construction jobs are created. Additionally, improved infrastructure may enhance connectivity for local commuters and businesses.
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