PNC Infratech Bags Rs 4.96 Billion Bihar Bridge Project

25 Sep 2025 CW Team

PNC Infratech Ltd on Friday announced it has received a letter of acceptance (LoA) worth Rs 4.96 billion from the Bihar State Road Development Corporation (BSRDC).

The contract involves constructing a high-level bridge and approach road along the Hathouri–Atrar–Bavangama–Aurai Road, covering a total distance of 21.3 km. Awarded under the Engineering, Procurement, and Construction (EPC) model, the project is scheduled for completion within 1,095 days, or three years.

The company confirmed that neither its promoters nor group entities hold any financial or business interest in the awarding authority. The LoA follows PNC’s September 5 disclosure, when the project was first listed in its bid pipeline.

In a separate development, PNC Infratech said it has received approval from the Competition Commission of India (CCI) for its proposed acquisition of debt-laden Jaiprakash Associates Ltd (JAL).

Under the resolution plan, PNC will acquire between 95 and 100 per cent of JAL, either directly or through a special purpose vehicle. JAL, currently undergoing insolvency proceedings, has operations in the cement and power sectors.

This acquisition represents a strategic diversification for PNC, enabling the company to expand beyond roads and highways into allied sectors that complement its EPC expertise.

Infrastructure Urban

25 Sep 2025

India Secures Second Deep-Sea PMS Exploration Contract

Union Minister Dr Jitendra Singh announced the signing of a 15-year contract between the Ministry of Earth Sciences (MoES) and the International Seabed Authority (ISA) granting India exclusive rights to explore Polymetallic Sulphides (PMS) across a 10,000 sq km area of the Carlsberg Ridge in the Indian Ocean, according to an MoES release.With this agreement, India becomes the first country globally to hold two PMS exploration contracts with ISA, reinforcing its pioneering role in deep-sea resource exploration and strategic presence in the Indian Ocean.Dr Singh said the contract represents a ma..

Odisha Unveils Policy to Attract Investment in Pumped Storage

The Odisha government, after identifying 45 potential sites for Pumped Storage Projects (PSPs) earlier this year, has introduced a policy framework to monitor and regulate PSPs in the state. The policy is designed to attract investment from public and private developers and aligns with the PSP Policy 2025 and the Renewable Energy Policy 2022.The Energy Department’s latest Operational Guidelines to Odisha PSP Policy identify potential locations for off-the-river closed-loop PSPs. With many sites still unregistered or unsurveyed by state and central agencies, and with the growing importance of..

Rs 1.5 Billion Scheme to Boost India’s Critical Mineral Recycling

The provision of both capital expenditure (Capex) and operational expenditure (Opex) subsidies under the Rs 1.5 billion incentive scheme for Critical Mineral Recycling is expected to accelerate the establishment of advanced recycling infrastructure, said the industry body India Energy Storage Alliance (IESA). The scheme, the body added, is set to transform India’s recycling landscape and strengthen the National Critical Mineral Mission (NCMM) by supporting recovery and reuse of e-waste, lithium-ion battery (LIB) scrap, and end-of-life vehicles.“Through the provision of both Capex and Opex ..