PNC Infra Eyes Robust Growth with Resumption in Infra Bids

11 Feb 2025 CW Team

This is after the Ministry of Road Transport & Highways (MoRTH) reduced its previously imposed restrictions on the Company and its two Special Purpose Vehicles (SPVs) from one year to four months now, which is culminating on February 17th 2025. The revised order, issued by the MoRTH on February 6, 2025, modifies the original restriction starting October 18, 2024 to a period of 4 months, subject to the completion of certain procedures by the Company with the National Highways Authority of India (NHAI).

This will also help the company in expanding its order book and increase its topline. PNC Infratech has a robust order book of over Rs. 19,900 crores (as of September 30, 2024), with several key EPC projects under construction. This includes the Prayagraj – Kaushambi project with the MoRTH, Jalna-Nanded and Pune ring road projects with the Maharashtra State Road Development Corporation and the Akkalkot Pkg-II (Badadal-Maradgi S), Sonali – Gorukhpur and Kanpur-Lucknow Expressway Pkg-2 with the NHAI. Road highway, road expressway, railway and canal EPC projects constitute 84% of total order-book.

PNC has now obtained a change in control approval from NHAI for 8 of the assets, which it will be transferring to KKR-backed Highways Infrastructure Trust. With this, the PNC-KKR deal is on track for closure by 31st March 2025 as PNC Infratech is in the process of fulfilling the conditions precedents (CPs) for the transaction. One of the major CPs under the deal included change in control approvals from the highway authorities and no objection certificates from the lenders to the projects.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

PNC Infratech has announced that the Company and its SPVs are now eligible to bid for new projects from 17th February, 2025, allowing it to actively pursue fresh projects in the infrastructure sector and reinforcing its commitment to national development. This is after the Ministry of Road Transport & Highways (MoRTH) reduced its previously imposed restrictions on the Company and its two Special Purpose Vehicles (SPVs) from one year to four months now, which is culminating on February 17th 2025. The revised order, issued by the MoRTH on February 6, 2025, modifies the original restriction starting October 18, 2024 to a period of 4 months, subject to the completion of certain procedures by the Company with the National Highways Authority of India (NHAI). This will also help the company in expanding its order book and increase its topline. PNC Infratech has a robust order book of over Rs. 19,900 crores (as of September 30, 2024), with several key EPC projects under construction. This includes the Prayagraj – Kaushambi project with the MoRTH, Jalna-Nanded and Pune ring road projects with the Maharashtra State Road Development Corporation and the Akkalkot Pkg-II (Badadal-Maradgi S), Sonali – Gorukhpur and Kanpur-Lucknow Expressway Pkg-2 with the NHAI. Road highway, road expressway, railway and canal EPC projects constitute 84% of total order-book. PNC has now obtained a change in control approval from NHAI for 8 of the assets, which it will be transferring to KKR-backed Highways Infrastructure Trust. With this, the PNC-KKR deal is on track for closure by 31st March 2025 as PNC Infratech is in the process of fulfilling the conditions precedents (CPs) for the transaction. One of the major CPs under the deal included change in control approvals from the highway authorities and no objection certificates from the lenders to the projects.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..