PNC Infratech Bags Rs 4.96 Billion Bridge Project In Bihar

23 Sep 2025 CW Team

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

The project entails constructing a high-level bridge and approach road along the Hathouri–Atrar–Bavangama–Aurai Road, covering 21.3 km. The contract, awarded under the EPC model, is slated for completion within 1,095 days, or three years.

The company confirmed that neither its promoters nor group entities hold any interest in the awarding authority. The LoA follows PNC’s earlier announcement on 5 September, when the project was included in its bid pipeline. Ahead of the announcement, PNC shares closed at Rs 306 on the NSE, down 1.43 per cent.

Separately, PNC Infratech has received approval from the Competition Commission of India (CCI) for its proposed acquisition of debt-laden Jaiprakash Associates Ltd (JAL). The plan involves acquiring at least 95 per cent and up to 100 per cent of JAL, either directly or through a special purpose vehicle.

JAL, currently under insolvency proceedings, operates in cement and power sectors. The acquisition represents a diversification move for PNC, expanding beyond roads and highways into allied sectors complementing its EPC capabilities.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..