PNC Infratech Limited announced on September 2, 2025, that it has been declared the lowest bidder for a project issued by the Airports Authority of India (AAI). The work relates to the development of Lal Bahadur Shastri International Airport in Varanasi. The financial bids for the tender were opened on the same day.
The project is valued at ₹297.01 crore, excluding GST. It includes extension of the runway, re-carpeting, strengthening of the existing runway, and allied works. As per the tender conditions, the project is to be completed within 18 months of commencement.
As per the exchange filing, the order has been awarded by a domestic entity, AAI, and PNC Infratech emerged as the lowest (L1) bidder. The company clarified in its exchange filing that this project does not fall under related party transactions, and promoters or promoter groups have no interest in it.
In line with SEBI’s insider trading regulations, the company noted that its trading window for designated employees, connected persons, and their immediate relatives will remain closed for 48 hours after the announcement.
Read more: PNC Infratech Secures LoA from NTPC for 300 MW Solar Project!
PNC Infratech posted Q1 FY26 standalone revenue of ₹1,136.46 crore and net profit of ₹80.77 crore, while consolidated revenue stood at ₹1,422.80 crore with net profit of ₹431.31 crore. The company completed the ₹716.20 crore sale of its stake in PNC Bareilly Nainital Highways Private Limited, marking the 11th of 12 planned divestments, with the final one due in H1 FY26.
As of September 3, 2025, 11:12 AM, PNC Infratech share price was trading at ₹308.25, a 1.43% increase from the previous closing price.
The Varanasi airport order adds to PNC Infratech’s project pipeline for 2025, following earlier wins in the mining sector.
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Published on: Sep 3, 2025, 12:35 PM IST
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