Order Win / EPC Contract

PNC Infratech Emerges as L1 Bidder for ₹302.44 Crore Pantnagar Airport EPC Project

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PNC Infratech Limited has emerged as the L1 (lowest) bidder for an Airports Authority of India (AAI) project at Pantnagar Airport, Uttarakhand. The EPC contract, valued at ₹302.44 crore (excluding GST), involves development of a new domestic terminal building, airside infrastructure, airport systems, and associated civil and electrical works. The project is scheduled for completion within 24 months.

PRICE-SENSITIVE TRIGGER

Event: Declared L1 Bidder for Airport EPC Project

Type: Order Win / EPC Contract

Impact: Positive

Immediate Effect: PNC Infratech has secured the lowest bidder position for a large airport infrastructure project, enhancing its order pipeline and strengthening its presence in the aviation infrastructure segment.

Key Metrics:

Project Value: ₹302.44 crore (excluding GST)
Execution Period: 24 months
Project Type: Engineering, Procurement and Construction (EPC)
Awarding Authority: Airports Authority of India (AAI)
Project Location: Pantnagar Airport, Uttarakhand
Category: Airport Infrastructure Development

Highlight:

PNC Infratech emerged as the L1 bidder for a ₹302.44 crore Airports Authority of India airport development project at Pantnagar.

What Happened ?

PNC Infratech Limited informed stock exchanges that it has emerged as the L1 (First Lowest) bidder for a major airport infrastructure project awarded by the Airports Authority of India (AAI).

The project involves detailed designing, engineering, procurement, and construction of both city-side and airside infrastructure at Pantnagar Airport in Uttarakhand on an EPC basis.

The scope includes development of a new domestic terminal building, parking facilities, electrical sub-station, airport systems, security systems, IT systems, MEP works, and runway-related infrastructure.

Airside development includes extension and strengthening of runway infrastructure, apron works, taxiways, isolation bay, RESA, grading, navigation aid facilities, perimeter roads, approach roads, runway lighting systems, and associated civil and electrical works.

The quoted project value is ₹302.44 crore excluding GST, with completion targeted within 24 months.

Key Details

Pantnagar Airport EPC Project Details:

Airports Authority of India (AAI) is the awarding authority.
PNC Infratech emerged as the L1 bidder.
Contract value stands at ₹302.44 crore excluding GST.
Project will be executed on EPC basis.
Location is Pantnagar Airport, Uttarakhand.
Scope includes construction of a new domestic terminal building.
Project includes parking facilities and electrical sub-station infrastructure.
MEP, airport systems, IT systems, and security systems form part of the scope.
Airside works include runway extension and strengthening.
Additional works include apron, taxiways, isolation bay, RESA, grading and NAV-AIDS facilities.
Runway lighting systems and perimeter road infrastructure are included.
Project completion timeline is 24 months.
Contract awarded by a domestic government entity.
Promoters and promoter group entities have no interest in the awarding authority.
Transaction is not a related-party transaction.

Note:

The project expands PNC Infratech’s airport infrastructure portfolio and demonstrates the company’s competitiveness in large-scale transportation and aviation EPC projects.

Risk Analysis

Summary:

While the project strengthens order book visibility, execution performance, regulatory clearances, construction timelines, and cost management remain important factors for successful delivery.

Key Risks:

Airport infrastructure projects involve complex engineering execution.
Delays in approvals or site readiness may affect timelines.
Material and construction cost inflation can influence project margins.
Coordination with multiple stakeholders is required throughout execution.
Weather and operational constraints may impact construction schedules.
Revenue recognition will be spread over the project lifecycle.

Worst Case Scenario:

If execution delays, cost overruns, or project scheduling issues arise, profitability and cash flow realization from the project could be deferred.

Risk Level: Medium

Company Commentary

PNC Infratech has emerged as the L1 bidder for the Airports Authority of India project.
The project will be executed on an EPC basis.
The quoted bid value is ₹302.44 crore excluding GST.
The scope covers both city-side and airside airport infrastructure.
The execution timeline for the project is 24 months.
The company confirmed that promoters have no interest in the awarding entity.
The transaction is not a related-party transaction.

Official Exchange Filing: PNC Infratech Limited