PNC Infratech Lowest Bidder For Rs 1,944 mn Lucknow Flyover

15 May 2026 CW Team

PNC Infratech has emerged as the L-1 bidder for an engineering, procurement and construction project awarded by the Lucknow Development Authority for a four-lane flyover on the right-hand bank of the Gomti River at the Shaheed Path intersection. The quoted contract value stood at Rs 1,944 million (mn), converted from the announced Rs 194.40 crore. The scheme comprises a four-lane structure with two loops and two ramps and will be executed under the EPC model.

According to the stock exchange filing, the contract carries a completion timeline of 24 months from commencement and the awarding entity is a domestic authority. The company stated that the project is entirely based in India and that the order does not constitute a related-party transaction. The disclosure formed part of routine compliance under SEBI listing and disclosure regulations and was submitted for the record.

The filing was signed by the company secretary and compliance officer, Tapan Jain, who requested that the stock exchanges take the information on record. The company described the contract as a significant addition to its engineering and construction portfolio and said the order would expand its presence in Uttar Pradesh. The project was attributed to efforts to improve urban connectivity and to ease congestion around the Shaheed Path corridor.

The award reflects continued momentum in the road and urban infrastructure segment where EPC contracts remain a primary avenue for execution-focused construction firms. For PNC Infratech the order strengthens visibility in public infrastructure development and adds to its order pipeline without creating related-party concerns. Operational planning and mobilisation are to follow with project execution phased to meet the stipulated completion schedule. The company has placed the disclosure on public record in line with listing obligations.

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..