PNC Infra Wins Projects Worth Rs 4,630 Crore From MSRDC

PNC Infratech Ltd has secured two major Engineering, Procurement, and Construction (EPC) contracts from the Maharashtra State Road Development Corporation (MSRDC), with a combined value of Rs.4,630 crore. These projects are set to boost Maharashtra’s infrastructure, focusing on access-controlled roadways and expressway connectors. 

First Project: Pune Ring Road Segment

One of the contracts involves the construction of a 13.8 km access-controlled section of the Pune Ring Road, specifically Package PRR E2, which runs from Indori to Chimbali in the Pune district. The project is valued at Rs.2,268 crore (excluding GST) and comes with a 30-month construction deadline. Interestingly, PNC Infratech managed to lower the initial bid of Rs.2,486 crore through negotiations to optimize project costs.

Second Project: Expressway Connector to Samruddhi Mahamarg

The second major win for PNC Infratech is the construction of a 28.895 km access-controlled expressway connector to the Hindu Hrudaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg. This stretch runs from Kumbhari to Katneshwar in the Parbhani district and carries a contract value of Rs.2,362 crore, again excluding GST. Like the Pune Ring Road project, the company reduced the initial bid of Rs.2,508 crore, and this project also has a 30-month timeline.

NAINA Infrastructure Development

Alongside these projects, PNC Infratech, in a joint venture with Aakshya Infra Projects Pvt. Ltd., received a Rs.2,039.61 crore contract from CIDCO(City and Industrial Development Corporation of Maharashtra) under the Navi Mumbai Airport Influence Notified Area (NAINA) initiative. This focuses on the development of roads, flyovers, bridges, underpasses, and street lighting, supporting the broader infrastructure needs of the area.

PNC Infratech stock is trading at Rs.462.45, around 3.63% up today with a 32.20% gain year-to-date.

Conclusion: With these new contracts, PNC Infratech will solidify its role in strengthening India’s infrastructure. The projects, set to improve connectivity across key regions of Maharashtra, show the company’s growing presence in large-scale infrastructure development.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.