PNC Infratech receives bonus for early completion of road projects
ROADS & HIGHWAYS

PNC Infratech receives bonus for early completion of road projects

PNC Infratech increased 11.46% to Rs 271.85 after the Engineering, Procurement, and Construction (EPC) company announced the receipt of Rs 37.02 crore towards a bonus for the early completion of one of its EPC projects from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) of Government of India (GoI).

The project involved the Purvanchal Expressway development in Uttar Pradesh.

On 30 November 2021, the project was completed, which is 97 days ahead of the scheduled completion date. Accordingly, the bonus of Rs 37 crore, figured at 0.04% of the contract cost of Rs 954 crore, for each day of early completion has been received by the company.

PNC Infratech is engaged in infrastructure development via the construction of highways, including build, operate and transfer projects (BOT), bridges, airport runways, flyovers, and power transmission projects among others.

The company's consolidated net profit dropped 52.89% to Rs 82.98 crore despite an 8.84% increase in sales to Rs 1721.82 crore in Q3 FY22 over Q3 FY21.

Image Source

Also read: PNC Infratech sole DBFOT bidder for Haridwar personal rapid transit

PNC Infratech increased 11.46% to Rs 271.85 after the Engineering, Procurement, and Construction (EPC) company announced the receipt of Rs 37.02 crore towards a bonus for the early completion of one of its EPC projects from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) of Government of India (GoI). The project involved the Purvanchal Expressway development in Uttar Pradesh. On 30 November 2021, the project was completed, which is 97 days ahead of the scheduled completion date. Accordingly, the bonus of Rs 37 crore, figured at 0.04% of the contract cost of Rs 954 crore, for each day of early completion has been received by the company. PNC Infratech is engaged in infrastructure development via the construction of highways, including build, operate and transfer projects (BOT), bridges, airport runways, flyovers, and power transmission projects among others. The company's consolidated net profit dropped 52.89% to Rs 82.98 crore despite an 8.84% increase in sales to Rs 1721.82 crore in Q3 FY22 over Q3 FY21. Image Source Also read: PNC Infratech sole DBFOT bidder for Haridwar personal rapid transit

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?