+
PNC Infra Eyes Robust Growth with Resumption in Infra Bids
ROADS & HIGHWAYS

PNC Infra Eyes Robust Growth with Resumption in Infra Bids

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code