PNC Infratech gains after JV emerges as L1 bidder for Rs 572 crore bridge project in UP
Mumbai, May 13 -- According to the company's exchange filing, the project involves construction of a 4-lane major bridge over the Ganga River with footpath connectivity from Bhairoghat Dhobighat Jalkal Campus to Trans Ganga City and Kanpur City, including approach roads and protection works in Kanpur district on EPC mode.
The JV comprises PNC Infratech and SPS Constructions India Private Limited, with both partners holding an equal participation ratio of 50:50.
The company stated that the bid submitted by the JV was declared the first lowest (L1) bidder upon opening of financial bids on 13 May 2026.
The project is to be executed within a period of 36 months. PNC Infratech clarified that neither its promoters nor promoter group entities...
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