PNC Infratech said it has emerged as the lowest bidder for National Highway Authority of India’s (NHAI‘s) two highway projects worth Rs 4,130 crore in Uttar Pradesh and Madhya Pradesh. The company has been declared the lowest bidder for the “two hybrid annuity highway projects of NHAI for an aggregate bid project cost of Rs 2,720 crore,” PNC Infratech said in a filing to the BSE. Six firms participated in the bidding. The company said one of the projects pertain to four-laning of 75 km Jhansi-Khajuraho section of NH 75/76 (package I) in the states of Uttar Pradesh (UP) and Madhya Pradesh (MP) under NHDP III for Rs 1,410 crore. The other project is four-laning Jhansi-Khajuraho section of NH 75/76 (Package II) from km 76.30 to km 161.70 km for Rs 1,310 crore. PNC Infratech, through its various subsidiaries and associate companies, has a portfolio of 7 operational projects including Bareilly-Almora (Uttarakhand border) section of SH, Kanpur-Kabrai section of NH 86 and Gwalior-Bhind section of NH 92.
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