PNC Infratech Emerges as L1 Bidder for Major Flyover Project in Bharatpur, Rajasthan

PNC Infratech Limited, one of India’s leading infrastructure development companies, has added yet another milestone to its portfolio by emerging as the L1 (Lowest Bidder) in a significant road infrastructure project awarded by the Public Works Department (PWD), Rajasthan.

The company has been entrusted with the responsibility of constructing a flyover from Heeradas Chouraha to Kumher Gate Chouraha in Bharatpur City on EPC (Engineering, Procurement, and Construction) mode.

Project Highlights

• Project Location: Bharatpur City, Rajasthan.

• Scope of Work: Construction of a major flyover to improve urban connectivity.

• Execution Model: EPC (Engineering, Procurement & Construction).

• Project Value: ₹239.94 Crore (Two Hundred Thirty-Nine Crore and Ninety-Four Lakhs).

• Completion Timeline: 24 months.

• Awarding Authority: Public Works Department, Rajasthan.

• Bidding Outcome: PNC Infratech declared L1 (lowest bidder).

This project is poised to significantly enhance transportation infrastructure within Bharatpur city, easing congestion and providing a faster, safer commuting route for thousands of daily travellers.

Governance and Compliance

In compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, PNC Infratech has made official disclosure of this project.

Additionally, the company has ensured adherence to the SEBI (Prohibition of Insider Trading) Regulations by keeping its trading window closed until 48 hours post the announcement of its financial results for the quarter and year ending March 31, 2025.

Strategic Impact

Securing this project not only boosts PNC Infratech’s project portfolio but also reinforces its presence in the Rajasthan infrastructure development landscape. With no involvement of promoter group companies or related party transactions, this contract reaffirms the company’s integrity and competitive bidding capability.

Share Price Performance

PNC Infratech Limited share price was trading at ₹288.70, up 0.48% at 1:40 PM on the NSE. The stock hit a high of ₹288.70 and a low of ₹276.30 during the session. The stock opened at ₹286.10, slightly above the previous close of ₹279.10.

Read More: Adani Plans ₹10,000 Cr Township Near Navi Mumbai Airport.

Conclusion

By securing a ₹239.94 crore EPC contract as the L1 bidder, the company not only expands its project portfolio but also strengthens its strategic footprint in Rajasthan.

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