Rs 8.19 billion highway project of MORT&H bagged by PNC Infratech

29 Mar 2023 CW Team

On March 27, 2023, PNC Infratech Ltd announced that the Ministry of Road Transport & Highways (MoRTH) has selected it as the L1 (lowest) bidder for a highway project. The project will be built in 24 months and operated for 15 years after that. As part of the project, the Construction Engineering Company would build a 25.545 kilometer stretch of the NH-731A highway in Uttar Pradesh with paved shoulders (i/c Ganga Bridge) on Hybrid Annuity Mode (Package-III).

Construction of a 4-lane highway from Km 49.155 to Km 74.700 (Singraur Uphar to Baranpur Kadipur Lchauli) of NH-73IA with paved shoulders (i/c Ganga Bridge) in the state of Uttar Pradesh on Hybrid Annuity Mode (Package-Ill) was awarded to PNC Infratech for a bid project cost of Rs 8.19 billion. The project's bid price from PNC Infratech was Rs 8.19 billion. On March 27, 2023, price bids for the project were opened, and PNC's bid was found to be the lowest (L1).

Infrastructure Transport

15 Sep 2025

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..