Infrastructure Order Win
PNC Infratech JV Emerges L1 Bidder for ₹571.81 Crore Ganga Bridge EPC Project in Uttar Pradesh
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PNC Infratech Limited announced that its joint venture with SPS Constructions India Private Limited has emerged as the L1 (Lowest) bidder for an EPC infrastructure project awarded by UP State Bridge Corporation Limited (UPSBC). The project involves construction of a 4-lane major bridge over the Ganga River in Kanpur district with a quoted bid value of ₹571.81 crore.
PRICE-SENSITIVE TRIGGER
Event: L1 Bidder Status for Major EPC Bridge Project
Type: Infrastructure Order Win
Impact: Positive
Immediate Effect: The order strengthens PNC Infratech’s EPC order book and enhances execution visibility in the roads and bridge infrastructure segment
Key Metrics:
- Project Value: ₹571.81 Crore
- Project Type: EPC (Engineering, Procurement & Construction)
- Execution Timeline: 36 Months
- JV Participation Ratio: 50:50
- Project Location: Kanpur, Uttar Pradesh
- Bridge Type: 4-Lane Major Bridge over Ganga River
Highlight:
- Label: Order Value
- Value: ₹571.81 Crore EPC Infrastructure Project
What Happened ?
PNC Infratech Limited informed stock exchanges that its joint venture with SPS Constructions India Private Limited has been declared as the First Lowest (L1) bidder by UP State Bridge Corporation Limited.
The project pertains to the construction of a 4-lane major bridge over the Ganga River connecting Bhairoghat Dhobighat Jalkal Campus to Trans Ganga City in Kanpur district, including approach roads and protection works under EPC mode.
The joint venture quoted a bid price of ₹571.81 crore, and both JV partners will participate in a 50:50 ratio.
key highlights
Project Scope & Execution:
- Awarding authority is UP State Bridge Corporation Limited (UPSBC).
- Project involves construction of a 4-lane major bridge over the Ganga River.
- Scope includes footpath construction, approach roads, and protection works.
- Project will connect Bhairoghat Dhobighat Jalkal Campus to Trans Ganga City in Kanpur.
- Work will be executed under EPC mode.
- Execution period is 36 months.
- Joint venture consists of PNC Infratech Limited and SPS Constructions India Pvt Ltd.
- Participation ratio between both companies is 50:50.
- Project is classified as a domestic infrastructure order.
Note:
- The order further strengthens PNC Infratech’s presence in bridge and transportation infrastructure projects in Uttar Pradesh.
Risk Analysis
Key Risks
- Final award and agreement execution are pending after L1 declaration.
- Delays in approvals or land availability may impact execution timelines.
- Raw material cost inflation could affect project margins.
- EPC projects remain exposed to execution and working capital risks.
- Infrastructure projects are sensitive to policy and administrative delays.
Worst Case Scenario
- Any delay in final order confirmation, cost escalation, or execution bottlenecks could affect profitability and project timelines.
Risk Level: Medium
Company Commentary
- The company stated that the JV has emerged as the First Lowest (L1) bidder.
- The project will be executed under Engineering, Procurement and Construction (EPC) mode.
- The quoted project price stands at ₹571.81 crore.
- PNC Infratech and SPS Constructions India Pvt Ltd will participate equally in the joint venture.
- The company disclosed the development under Regulation 30 of SEBI LODR Regulations.
Official Exchange Filing: PNC Infratech Limited