PNC Infratech receives provisional completion certificate for highway project

PNC Infratech has announced receiving ‘Provisional Completion Certificate’ for a national highway projects executed by the company.

The project for which it received the certificate is Improvement/Augmentation of 146.4 km long Aligarh-Moradabad Section of NH-93 to two lanes with paved shoulders, in the state of Uttar Pradesh under NHDP Phase IV on EPC Mode w.e.f. 13 May 2019.

As the project has been completed seventy-three (73) days ahead of the scheduled completion date of 25 July 2019, the company has become entitled for early completion bonus at 0.03% of the Contract Price (Rs 644.5 crore) for each day of ahead of scheduled completion in terms of the agreement executed with National Highways Authority of India (NHAI).

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Research Desk

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