PNC Infratech Receives ₹297 Crore Contract from Airports Authority of India for Varanasi Airport Expansion

PNC Infratech Limited’s share price was in focus on October 16, 2025, following the company’s announcement that it had secured a new project from the Airports Authority of India (AAI) for the development of the Lal Bahadur Shastri International Airport in Varanasi.

Project Details Awarded to PNC Infratech 

The Airports Authority of India has awarded PNC Infratech a contract worth ₹297.01 crore (exclusive of GST) for the extension, re-carpeting, and strengthening of the existing runway along with allied works at the Varanasi airport. The project aims to enhance airport infrastructure, supporting the growing passenger and air traffic in the region.

Project Timeline and Scope

According to the official filing, the project is scheduled to be completed within 18 months from the date of commencement, expected to start on October 25, 2025. The scope of work includes extension and modernisation of the existing runway to meet operational and safety standards suitable for larger aircraft.

Nature of the Contract

The order, awarded by a domestic entity, the Airports Authority of India, was obtained through a competitive bidding process, where PNC Infratech emerged as the lowest (L1) bidder. The company confirmed that this is a purely domestic contract and that none of the promoters or promoter group companies have any direct or indirect interest in the project.

PNC Infratech Share Price Performance 

As of 2:50 PM on October 16, 2025, PNC Infratech share price was up by 1.27% at ₹287.60. The stock has registered an intraday high of ₹291.65 on NSE. 

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Conclusion

The award of this project marks another addition to PNC Infratech’s portfolio of infrastructure development contracts, reinforcing its strong presence in the aviation and transportation sectors. The company continues to expand its execution footprint across India, focusing on timely delivery and quality performance.

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