PNC Infratech on April 21 said that it has received a Letter of Acceptance from the Ministry of Road Transport and Highways (MORTH) for a project worth Rs 819 crore.
In a regulatory filing, the company mentioned that the project entails construction of a four-lane highway of NH-731A with paved shoulders in Uttar Pradesh on Hybrid Annuity Mode (Package-II).
The project’s construction period is 24 months from the appointed date, while the operation period is 15 years post construction
The company received the LoA after emerging as the lowest bidder (L1) in a ministry of road transport and highways highway project worth Rs 819 crore last month.