PNC Infratech Secures ₹194.40 Cr EPC Road Project from Lucknow Development Authority

Synopsis: PNC Infratech Limited has emerged as the L1 bidder for an EPC road infrastructure project worth Rs. 194.40 crore awarded by the Lucknow Development Authority, Uttar Pradesh. The project involves the construction of a 4-lane flyover with loops and ramps near the Shaheed Path intersection over the Gomti River in Lucknow and is expected to be completed within 24 months.

PNC Infratech has a total market capitalization of Rs. 5,745.96 crore, according to data on the NSE. The stock was listed on the exchanges on May 26, 2015. PNC Infratech shares were trading at Rs. 223.54 apiece on the National Stock Exchange; the stock has gained around 3.36 percent over the last five sessions, while it has surged about 21.83 percent in the 30 days. Over a six-month period, the stock has given a negative return of 19.24 percent, whereas on a year-on-year basis it has declined nearly 9.79 percent, reflecting mixed overall performance. The stock’s 52-week high was Rs. 331.80 and 52-week low was Rs. 158.17.

PNC Infratech Limited has announced that it has emerged as the L1 (lowest) bidder for an Engineering, Procurement and Construction (EPC) road infrastructure project awarded by the Lucknow Development Authority, Uttar Pradesh. The total quoted project value stands at Rs. 194.40 crore.

The project involves the construction of a 4-lane flyover with two loops and two ramps at the Shaheed Path intersection over the RHS bank of the Gomti River in Lucknow, Uttar Pradesh, on an EPC basis. The project is expected to be completed within a period of 24 months.

The company clarified that the contract has been awarded by a domestic entity and does not fall under related party transactions. Additionally, the promoter group does not have any interest in the awarding authority.

The order further strengthens PNC Infratech’s presence in the urban infrastructure and road EPC segment, where the company has already established a strong execution track record. Road and flyover development projects continue to remain a key focus area under India’s infrastructure expansion plans, especially in rapidly urbanizing cities such as Lucknow.

From a strategic perspective, such EPC contracts help companies like PNC Infratech maintain revenue visibility over the medium term, as infrastructure projects are generally executed over multi-year timelines. Large order inflows also strengthen the company’s order book, which is an important indicator for future revenue growth in EPC businesses.

India’s infrastructure sector continues to benefit from strong government spending on roads, highways, bridges, flyovers and urban mobility projects. Increased allocations toward transportation infrastructure, smart cities and logistics connectivity are creating long-term opportunities for construction and EPC companies.

PNC Infratech has been one of the prominent players in the road and highway construction segment with expertise across highways, expressways, bridges, flyovers, airport runways and irrigation infrastructure projects. The latest project win is expected to further improve its execution pipeline and strengthen its positioning in the infrastructure sector.

Overall, the Rs. 194.40 crore order reflects continued momentum in infrastructure project awarding activity and enhances revenue visibility for PNC Infratech over the coming years. The company’s future performance will depend on timely project execution, margin management, working capital efficiency and sustained order inflows across the infrastructure segment.

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