PNC Infratech Limited has secured a ₹194.40 crore contract from the Lucknow Development Authority for a flyover project in Lucknow, Uttar Pradesh.
The project will be executed under the Engineering, Procurement and Construction (EPC) model and is scheduled for completion within 24 months.
The Lucknow Development Authority has awarded PNC Infratech a project valued at ₹194.40 crore, excluding GST. The company received the Letter of Acceptance on 1 June 2026, while the authority issued the award on 27 May 2026.
The project marks another addition to PNC Infratech's infrastructure portfolio and strengthens its presence in the urban transportation segment.
The scope of work includes the construction of a four-lane flyover along with 2 loops and 2 ramps at the Shaheed Path Intersection on the right bank of the Gomti River in Lucknow.
The proposed development is aimed at improving traffic movement at a key junction in the city. The combination of the flyover, loops and ramps is expected to support smoother vehicular flow and enhance road connectivity in the surrounding area.
The project has been awarded on an EPC basis, under which PNC Infratech will undertake engineering, procurement, and construction activities.
According to the project details, the entire work is expected to be completed within 24 months. The contract value stands at ₹194.40 crore, excluding GST.
As of 02 June 2026, at 9:21 AM, PNC Infratech Limited share price is trading at ₹211.80 per share, reflecting a surge of 2.28% from the previous closing price.
The ₹194.40 crore contract adds a new transportation infrastructure project to PNC Infratech's portfolio, with construction of the flyover, loops and ramps planned over the next 2 years.
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Published on: Jun 2, 2026, 11:41 AM IST
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