PNC Infra bags Rs 2159 crore highway contract in Uttar Pradesh

The price bids were opened yesterday with PNC's bid being the lowest (L1), the company said in a BSE filing.

"PNC Infratech Ltd has been declared the L1 (lowest) bidder for NHAI project of 145 km long six-laning of Chakeri -Allahabad section of NH 2...to be executed on Hybrid Annuity Mode for a bid project cost of Rs 2,159 crore," it said.

This is the fifth hybrid annuity project won by PNC Infratech having construction period of two years and operation period of 15 years, it added.