PNC Infratech emerges as lowest bidder for Rs 1,602 cr highway project in UP
NEW DELHI: PNC Infratech LtdNSE -0.74 % on Thursday said it has emerged as the lowest bidder for a highway project worth Rs 1,602 crore in Uttar Pradesh. “PNC Infratech has been declared the L1 (lowest) bidder for a NHAI project of 70-km long four laning of Unnao-Lalganj section of NH 232 A…in the state of Uttar Pradesh under NHDP IVB, to be executed on Hybrid Annuity Mode for a bid project cost of Rs 1,602 crore,” the company said in a regulatory filing.
Four firms participated in the bidding and the price bids have been opened on Thursday with PNC’s bid being the lowest, it said.
