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

15 May 2026

MMRDA Removes 1.14 lakh m of Metro Barricades

In a bid to ease congestion and improve urban mobility during monsoon, MMRDA has undertaken one of the largest coordinated barricade removal and monsoon preparedness drives across its ongoing metro and infrastructure projects.With substantial progress achieved in viaduct and structural works across multiple metro corridors, barricades from completed stretches beneath metro viaducts are being systematically removed, restoring maximum possible road space before the monsoon. Wider carriageways across key arterial roads are expected to improve traffic flow, reduce congestion, support better rainwa..

Pune Division to Remove All Diamond Crossings by Year-End

The Pune railway division has announced plans to remove all 16 diamond crossings by the end of 2026 as part of a major yard remodelling project following the derailment of a Vande Bharat Express at Pune Junction on April 27. Railway authorities said the replacements aim to improve safety and streamline train operations across the busy station. The decision followed a Central Railway finding that the accident involved a non-standard diamond crossing and highlighted the need for replacement. Regular maintenance of existing crossings will continue until the replacement work is completed. Official..

Goa Declares 80 Million Square Metres No Development Zone

The Goa state government has declared 80 million square metres (mn) of land a no development zone, designating the area as protected from new construction. The notification reclassifies tracts across the state under a no development category for planning and regulatory purposes. The declaration signals a formal halt to new building permits within the defined zone. Authorities indicated that maps will be issued to show broad boundaries while detailed surveys will refine precise limits. The move transfers responsibility for enforcement to local planning authorities and relevant departments, whic..