The Ministry of Road Transport and Highways has declared PNC Infratech Ltd. to be the lowest bidder for the construction of highway projects in Uttar Pradesh. The company’s bid is worth Rs 819 crore.
The company said in an exchange filing on Monday that it will build a four-lane highway from Singraur Uphar to Baranpur Kadipur lchauli of National Highway-73IA.
The project will be built in 24 months and will be operational for 15 years after that. According to the SEBI (Prohibition of Insider Trading Regulations), the trading window for dealing in the company’s securities for all designated persons will remain closed for 48 hours following the announcement, the company said.
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