Infrastructure Project Award

PNC Infratech Receives ₹194.40 Crore Letter of Acceptance for 4-Lane Flyover Project in Lucknow

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PNC Infratech Limited has received a Letter of Acceptance (LoA) from the Lucknow Development Authority for the construction of a 4-lane flyover with loops and ramps at Shaheed Path Intersection on the RHS bank of the Gomti River in Lucknow, Uttar Pradesh. The EPC project is valued at ₹194.40 crore (excluding GST) and is scheduled for completion within 24 months.

PRICE-SENSITIVE TRIGGER

Event: Receipt of Letter of Acceptance (LoA)

Type: Infrastructure Project Award

Impact: Positive

Immediate Effect: The LoA adds a new urban infrastructure project to PNC Infratech’s order book, strengthens revenue visibility, and reinforces the company’s presence in EPC-based transportation infrastructure development.

Key Metrics:

Project Value: ₹194.40 crore (excluding GST)
Project Type: EPC Contract
Completion Period: 24 months
Location: Lucknow, Uttar Pradesh
Awarding Authority: Lucknow Development Authority

Highlight:

PNC Infratech secured a ₹194.40 crore EPC flyover project from the Lucknow Development Authority, adding fresh execution visibility over the next two years.

What Happened ?

PNC Infratech Limited received a Letter of Acceptance dated May 27, 2026 from the Lucknow Development Authority for the construction of a 4-lane flyover with two loops and two ramps at the Shaheed Path Intersection on the RHS bank of the Gomti River in Lucknow.

The company formally received the LoA on June 1, 2026. The project will be executed on an Engineering, Procurement and Construction (EPC) basis.

Key Details

Lucknow Flyover EPC Project:

Awarding authority is the Lucknow Development Authority, Uttar Pradesh.
Project involves construction of a 4-lane flyover.
Scope includes two loops and two ramps.
Location is Shaheed Path Intersection on the RHS bank of the Gomti River, Lucknow.
Contract will be executed on an EPC basis.
Total contract value stands at ₹194.40 crore excluding GST.
Project execution period is 24 months.
The contract has been awarded by a domestic government entity.
No promoter or promoter group interest exists in the awarding authority.
The project does not fall under related-party transactions.

Note:

The project strengthens PNC Infratech’s urban infrastructure portfolio and adds medium-term revenue visibility through a two-year execution cycle.

Risk Analysis

Summary:

While the project enhances order book strength, execution remains subject to construction timelines, regulatory clearances, cost management, and site-specific challenges.

Key Risks:

Urban infrastructure projects may face land-access or utility-shifting challenges.
Delays in approvals or site handover can impact execution schedules.
Raw material cost fluctuations may affect project margins.
Weather-related disruptions could influence construction progress.
Timely milestone approvals are important for cash flow realization.

Worst Case Scenario:

Project execution delays or cost overruns could reduce profitability and extend the project completion timeline beyond the scheduled 24 months.

Risk Level: Low

Company Commentary

PNC Infratech has received a Letter of Acceptance from the Lucknow Development Authority.
The project involves construction of a 4-lane flyover with two loops and two ramps.
The work will be executed on an EPC basis.
Contract value is ₹194.40 crore excluding GST.
Completion period is 24 months.
The company confirmed there is no promoter interest or related-party involvement in the transaction.

Official Exchange Filing: PNC Infratech Limited