PNC Infratech emerges lowest bidder for 2 highway projects

PNC Infratech Limited has announced that it has been declared the L1 (lowest) bidder in hybrid annuity highway projects of NHAI for an aggregate Bid Project Cost (BPC) of Rs 2,720 crore.

In a filing to the NSE, it said four laning Jhansi-Khajuraho section of NH 75176 (Package l) from km 0.00 to km 76.30 in the states of UP & MP under NHDP III will be executed on Hybrid Annuity Mode for a Bid Project Cost of Rs 1410 crore.

Five firms participated in the bidding and the price bids were opened on March with PNC’S bid being the lowest

The other project is four laning Jhansi-Khajuraho section of NH ‘751’16 (Package II) from km 76 30 to km 161.70 in the states of UP & MP under NHDP III, which is to be executed on Hybrid Annuity Mode for a Bid Project Cost of Rs. 1310 crore.

Six firms pafiicipated in the bidding and the price bids were opened on Thursday, with PNC’s bid being the lowest, the company said.

Image credit : indianshowbiz.com

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