New Delhi, Aug. 7 -- PNC Infratech Ltd has clarified that it has neither been debarred nor declared a "non-performer" by the National Highways Authority of India (NHAI), stating that the matter relating to the Kanpur-Lucknow Expressway is presently at the showcause notice stage, with replies being submitted by its concessionaire subsidiary.

The clarification came in an exchange filing made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following NHAI's press release issued on August 5 and subsequent media reports.

The company said the project construction of the six-lane, upgradable to eight-lane Kanpur-Lucknow Expressway (Package-2) in Uttar Pradesh on Hybrid ...