PNC Infratech Ltd has received a Letter of Acceptance (LoA) worth ₹495.5 crore from the Bihar State Road Development Corporation (BSRDC) for a major infrastructure project. The project involves the construction of a high-level bridge and approach road along the Hathouri-Atrar-Bavangama-Aurai Road, spanning a total length of 21.3 km.
Project Details
- Contract Type: Engineering, Procurement, and Construction (EPC)
- Project Scope: Construction of a high-level bridge with approach roads
- Total Length: 21.3 km
- Completion Timeline: 1,095 days (3 years)
The project award is a standalone EPC contract, with no interests held by PNC’s promoters or group entities in the awarding authority, ensuring transparency and compliance with regulatory norms.
Strategic Significance
The project reinforces PNC Infratech’s strong presence in the road and bridge infrastructure sector. It is expected to improve connectivity and transportation efficiency in Bihar, supporting regional development and economic growth.
Additionally, this contract demonstrates the company’s ability to manage large-scale EPC projects, enhancing its portfolio of ongoing infrastructure assignments.
Diversification Move: Jaiprakash Associates Acquisition
Separately, PNC Infratech has received approval from the Competition Commission of India (CCI) for its proposed acquisition of Jaiprakash Associates Ltd (JAL), currently under insolvency proceedings.
Under this plan, PNC will acquire 95–100% of JAL, either directly or through a special purpose vehicle (SPV). JAL operates in the cement and power sectors, representing a strategic diversification opportunity for PNC beyond roads and highways. The acquisition is expected to complement PNC’s EPC expertise and expand its capabilities into allied infrastructure sectors.
Summary
- Contract Value: ₹495.5 crore from BSRDC
- Project Scope: High-level bridge and approach road, 21.3 km
- Contract Duration: 3 years (1,095 days)
- Significance: Strengthens PNC’s infrastructure portfolio in road and bridge construction
- Diversification: CCI-approved acquisition of Jaiprakash Associates Ltd to enter cement and power sectors
This project, along with strategic diversification plans, positions PNC Infratech for long-term growth in both core infrastructure and allied sectors, reinforcing its reputation as a leading EPC player in India.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.