PNC Infratech executes agreement with MP Road Development Corporation

PNC Infratech has executed an agreement between MP Road Development Corporation Ltd. (MPRDC) and the company’s special purpose vehicle, Western Bhopal Bypass Pvt. Ltd., to implement a Hybrid Annuity Mode (HAM) project.

The ₹1,174 crore contract pertains to constructing the Western Bhopal Bypass as a four-lane in Madhya Pradesh.

In addition, PNC Infratech has obtained the completion certificate for constructing the NH-56 four-lane bypass in Uttar Pradesh. The contract completed on February 29, 2024, was valued at ₹1,062 crore.

PNC Infratech stock closed at ₹438.90 on the NSE, down by 1.60 per cent on Thursday.

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