Infrastructure Order Win
PNC Infratech Emerges L1 Bidder for ₹194.4 Crore Flyover EPC Project in Lucknow
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PNC Infratech Limited has emerged as the L1 (lowest) bidder for an EPC flyover project awarded by Lucknow Development Authority, Uttar Pradesh, with a quoted project value of ₹194.40 crore.
PRICE-SENSITIVE TRIGGER
Event: Company declared as L1 bidder for EPC infrastructure project
Type: Infrastructure Order Win
Impact: Positive
Immediate Effect: The order strengthens PNC Infratech’s order pipeline and reinforces its execution presence in urban infrastructure projects
Key Metrics:
- Project Value: ₹194.40 Crore
- Project Type: EPC Flyover Project
- Execution Period: 24 Months
- Client: Lucknow Development Authority, Uttar Pradesh
Highlight:
- PNC emerged as L1 bidder.
- Project involves 4-lane flyover construction.
- EPC-based execution model.
- Domestic infrastructure order.
- Two-year execution timeline.
What Happened ?
PNC Infratech Limited informed exchanges that it has emerged as the L1 bidder for a project awarded by Lucknow Development Authority, Uttar Pradesh.
The project involves construction of a 4-lane flyover with 2 loops and 2 ramps at Shaheed Path Intersection on the RHS bank of Gomti River in Lucknow on an EPC basis.
The quoted project consideration is ₹194.40 crore and the project is expected to be completed within 24 months.
key highlights
Project Scope & Execution:
- Construction of 4-lane flyover.
- Includes 2 loops and 2 ramps.
- Located at Shaheed Path Intersection, Lucknow.
- Project situated on RHS bank of Gomti River.
- EPC contract model.
- Domestic infrastructure project.
- Completion period fixed at 24 months.
Contract & Regulatory Details:
- Awarding authority is Lucknow Development Authority.
- Company declared L1 bidder on 07 May 2026.
- No promoter or group company interest in awarding authority.
- Transaction not classified as related party transaction.
Risk Analysis
Key Risks
- Formal work order issuance pending.
- Execution delays may impact project margins.
- Cost inflation risks in EPC projects remain relevant.
- Working capital intensity may increase during execution.
Worst Case Scenario
- If final order conversion is delayed or project costs escalate materially, profitability from the project may reduce.
Risk Level: Medium
Company Commentary
- Company emerged as L1 bidder for Lucknow flyover project.
- Quoted bid value stands at ₹194.40 crore.
- Project to be executed on EPC basis.
- Completion timeline is 24 months.
Official Exchange Filing: PNC Infratech Limited