PNC Infratech Limited has secured a massive Rs 3483 crore order from the National Highways Authority of India (NHAI) for two new Hybrid Annuity Mode (HAM) projects, as per a BSE filing.
The company has signed concession agreements for the projects, which are to be constructed in 24 months and operated for 15 years post-construction. The projects involve the construction of 4-lane highways in Uttar Pradesh.
The two projects are valued at Rs 1728 crore and Rs 1755 crore respectively, and are part of the NH (O) Scheme. The company has incorporated Special Purpose Vehicles (SPVs) for the implementation of the projects. The SPVs will be responsible for the construction and operation of the highways.
The order adds to PNC Infratech’s existing pipeline of projects and strengthens its position in the infrastructure sector. The company has a strong track record of executing large-scale infrastructure projects, and this order reinforces its capabilities.
As part of the agreement, PNC Infratech will be responsible for the design, construction, and operation of the highways. The company will also be responsible for the maintenance of the highways during the concession period. The order is a significant win for PNC Infratech and demonstrates its ability to secure large-scale infrastructure projects.
This order reinforces PNC Infratech’s position as a leading player in the infrastructure sector. The company’s strong execution capabilities and ability to secure large-scale projects make it a significant player in the industry.
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