PNC Infratech Limited has received a Letter of Acceptance for a significant project from the Lucknow Development Authority. The project, valued at ₹194.40 Crore (exclusive of GST), involves the construction of a 4-lane flyover with loops and ramps at Shaheed Path Intersection in Lucknow. This EPC project is a key development for the company and is expected to be completed within 24 months.
Major Project Awarded
PNC Infratech Limited announced on June 1, 2026, that it has received a Letter of Acceptance (LOA) from the Lucknow Development Authority, Uttar Pradesh. This award pertains to the project for the “Construction of 4 Lane Flyover with 2 loops and 2 ramps at Shaheed Path Intersection, RHS bank of Gomti River, Lucknow (UP) on EPC Basis“. The LOA was received by hand on the announcement date.
Project Details and Value
The total consideration for this project is ₹194.40 Crore (Rupees One Hundred Ninety Four Crore and Forty Lakhs only), and this amount is exclusive of Goods and Services Tax (GST). The project is to be executed on an Engineering, Procurement, and Construction (EPC) basis. The entity awarding the contract is the Lucknow Development Authority, which is a Domestic Entity.
Timeline and Execution
The time period stipulated for the execution of this contract is 24 Months from the date of award. The nature of the order is a construction contract, and it is considered a Domestic undertaking. PNC Infratech Limited confirmed that there are no promoter or promoter group interests in the awarding entity, and the contract does not fall within Related Party Transactions.
Source: BSE
