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.

Real Estate

26 Jun 2026

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..

Platinum Corp Launches Bespoke Presidential Suites

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..