PNC Infratech Signs Concession Deals For Two HAM Highways
ROADS & HIGHWAYS

PNC Infratech Signs Concession Deals For Two HAM Highways

PNC Infratech said it has executed concession agreements with the National Highways Authority of India and special purpose vehicles incorporated by the company for two Hybrid Annuity Mode highway projects. The agreements were signed on 16 July 2026 late evening and cover an aggregate bid project cost of Rs 34,830 million (mn). The projects are under the NH (O) Scheme and form part of the NH-927 corridor in Uttar Pradesh. The company said the agreements were executed with the corresponding special purpose vehicles incorporated for each package.

The first package involves construction of a four-lane highway from Barabanki to Mustafabad under Package-I and carries a bid project cost of Rs 17,280 mn. The project is identified as Barabanki Mustafabad Highway and covers the initial stretch of NH-927 in Uttar Pradesh. The concessionaire for this package is the special purpose vehicle incorporated by the company and will be responsible for construction and associated obligations under HAM. The package spans key stretches of the corridor and assigns construction and contractual duties to the designated SPV.

The second package covers the four-lane stretch from Mustafabad to Biswariya under Package-II and carries a bid project cost of Rs 17,550 mn. Identified as the Mustafabad Biswariya Highway, the package continues along NH-927 and completes the specified section in the state. This concession will also be implemented by a company incorporated special purpose vehicle under the Hybrid Annuity Mode.

PNC Infratech will proceed with implementation and the agreements set the framework for annuity payments and balance construction obligations as per HAM terms with the National Highways Authority of India. The company statement noted the signing and the aggregate financial commitment without involving a journalist in its release. First published on 16 July 2026, the disclosure follows standard regulatory intimation practices.

PNC Infratech said it has executed concession agreements with the National Highways Authority of India and special purpose vehicles incorporated by the company for two Hybrid Annuity Mode highway projects. The agreements were signed on 16 July 2026 late evening and cover an aggregate bid project cost of Rs 34,830 million (mn). The projects are under the NH (O) Scheme and form part of the NH-927 corridor in Uttar Pradesh. The company said the agreements were executed with the corresponding special purpose vehicles incorporated for each package. The first package involves construction of a four-lane highway from Barabanki to Mustafabad under Package-I and carries a bid project cost of Rs 17,280 mn. The project is identified as Barabanki Mustafabad Highway and covers the initial stretch of NH-927 in Uttar Pradesh. The concessionaire for this package is the special purpose vehicle incorporated by the company and will be responsible for construction and associated obligations under HAM. The package spans key stretches of the corridor and assigns construction and contractual duties to the designated SPV. The second package covers the four-lane stretch from Mustafabad to Biswariya under Package-II and carries a bid project cost of Rs 17,550 mn. Identified as the Mustafabad Biswariya Highway, the package continues along NH-927 and completes the specified section in the state. This concession will also be implemented by a company incorporated special purpose vehicle under the Hybrid Annuity Mode. PNC Infratech will proceed with implementation and the agreements set the framework for annuity payments and balance construction obligations as per HAM terms with the National Highways Authority of India. The company statement noted the signing and the aggregate financial commitment without involving a journalist in its release. First published on 16 July 2026, the disclosure follows standard regulatory intimation practices.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement