PNC Infratech Ltd said it has received Letters of Acceptance from the National Highways Authority of India for two Hybrid Annuity Mode highway projects in Uttar Pradesh worth Rs 34,830 million (mn), equivalent to Rs 3,483 crore. The exchange filing dated May 22, 2026, stated the combined bid project cost excludes GST and relates to construction of four-lane stretches on NH-927 under the NH(O) scheme. The company confirmed that both packages were awarded under the Hybrid Annuity Mode and carry an execution timeline of 24 months. The disclosure followed formal acceptance. The first package covers development of a four-lane stretch from Barabanki design chainage Km 0+000 to Mustafabad design chainage Km 43+030 with a quoted and accepted bid project cost of Rs 17,280 million (mn), equivalent to Rs 1,728 crore. The second package spans from Mustafabad design chainage Km 43+030 to Biswariya design chainage Km 101+515 with an accepted bid project cost of Rs 17,550 million (mn), equivalent to Rs 1,755 crore. PNC Infratech said it emerged as the lowest bidder for both projects and received the formal letters on May 22. The filing noted that the contracts were awarded by a domestic government entity and do not constitute related-party transactions. Both projects form part of the company’s ongoing focus on highway and road infrastructure development, building on its experience in engineering, procurement and construction and Hybrid Annuity Mode projects. The assignments are expected to add measurable work inflows and clarify execution schedules for the group over the medium term. PNC Infratech share price closed at Rs 212.80 on the National Stock Exchange on May 22, 2026, down 0.16 per cent from the previous close of Rs 213.15, and traded in a comparatively narrow range during the session. Market participants continued to monitor order inflows and execution visibility in the roads and highways sector amid ongoing government capital expenditure. The company’s established presence in north and central India positions it to participate in the current expansion of transport infrastructure, and these awards are likely to strengthen its roads order book.