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.

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