PNC Infratech bags ₹194 crore flyover project from Lucknow Development Authority

Infrastructure company PNC Infratech Ltd on Monday (June 1) said it has received a Letter of Acceptance (LOA) from the Lucknow Development Authority for a flyover construction project in Lucknow, Uttar Pradesh.

The project involves the construction of a four-lane flyover with two loops and two ramps at the Shaheed Path intersection on the right-hand-side bank of the Gomti River in Lucknow on an Engineering, Procurement and Construction (EPC) basis.

The order value stands at ₹194.40 crore, exclusive of GST. PNC Infratech said the LOA is dated May 27, 2026, and was received by the company by hand on June 1, 2026. The company said the project has been awarded by a domestic entity and will be executed within 24 months.

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PNC Infratech also said that neither the promoter, promoter group nor group companies have any interest in the entity awarding the contract. The company added that the order does not fall under related party transactions.

Last week, PNC Infratech Ltd said it had been declared the L1 (first lowest) bidder for an engineering, procurement and construction (EPC) project worth ₹302.44 crore, excluding GST, awarded by the Airports Authority of India (AAI).

The company said it has secured the bid for the project involving cityside works, including a new domestic terminal building with parking, electrical sub-station, approach roads, ancillary structures, allied works and associated MEP and electro-mechanical works, airport system, IT system, security system, including maintenance, operation & AICMC.

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The scope also includes extension and strengthening of runway, apron, taxiways, isolation bay, RESA, grading, civil and electrical works for NAV-AIDS facilities, perimeter road, approach road, runway lighting system, and allied works at Pantnagar Airport in Uttarakhand on an EPC basis.

The order has been awarded by AAI and is classified as a domestic contract. The quoted price for the project stands at ₹302.44 crore, excluding GST. The execution timeline for the project has been set at 24 months.

Shares of PNC Infratech Ltd ended at ₹206.80, up by ₹2.30, or 1.12%, on the BSE.

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