PNC Infratech Limited has been identified as the lowest (L1) bidder for 2 highway contracts issued by the National Highways Authority of India (NHAI), as per an exchange filing dated April 21, 2026.
The bids were opened on 21 April 2026. The total quoted bid project cost for both contracts is ₹3,483 crore, excluding GST. These projects are part of the national highways programme and follow the Hybrid Annuity Model (HAM).
One of the contracts covers the construction of a 4-lane stretch between Barabanki and Mustafabad on NH-927 in Uttar Pradesh. The section spans roughly 43 km and carries a quoted cost of ₹1,728 crore.
The second contract extends from Mustafabad to Biswariya on the same highway. This portion has a quoted cost of ₹1,755 crore and completes a longer continuous stretch along NH-927.
Both projects are part of a linked corridor within the state.
Each contract has a construction period of 24 months. The HAM structure typically involves shared project funding during construction, followed by fixed payments over the concession period.
The projects have been classified as domestic, with no international participation indicated in the disclosure.
The company has stated that there is no promoter or group company interest in the awarding authority. The contracts are not categorised as related party transactions.
The disclosure was made in accordance with SEBI’s listing requirements. The trading window for designated individuals remains closed under insider trading regulations.
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As of April 22, 2026, at 12:31 pm, PNC Infratech share price was trading at ₹223.25, up 7.03% from the previous closing price.
The 2 contracts, together valued at ₹3,483 crore, are to be executed over a 2-year period. They add to the company’s existing project pipeline under the HAM framework.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 22, 2026, 1:09 PM IST
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