PNC Infratech announced that PNC Gomti Highways (wholly owned subsidiary of the company) has received communication from National Highways Authority ofIndia on 12 February 2021 confirming the achievement of Financial Closure for road project in State of Uttar Pradesh. The project entails the Four laning of Jagdishpur - Faizabad Section from km 47.930 (Design Chainage km47.800) to km 107.680 (Design Chainage km108.020) of NH-330A in the State of Uttar Pradesh. The bid project cost is Rs 1530 crore.

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Net profit of PNC Infratech rose 163.29% to Rs 176.14 crore in the quarter ended December 2020 as against Rs 66.90 crore during the previous quarter ended December 2019. Sales rose 13.78% to Rs 1582.02 crore in the quarter ended December 2020 as against Rs 1390.41 crore during the previous quarter ended December 2019.

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PNC Infratech announced that its subsidiary, PNC Unnao Highways has received communication from National Highways Authority of India on 02 February 2021 confirming the achievement of financial closure for subject project on 31 December 2020.

The project entails the four laning of Unnao-Lalganj section of NH 232 A from km 0.000 to 70.000 new NH-31(old NH-232A) in the state of Uttar Pradesh underNHDP-IVB. The company's bid project cost is Rs 1602 crore.

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PNC Infratech in Joint Venture with SPML Infra announced the receipt of Letters of Award (LOA) for six (6) new EPC Projects namely“Survey, Design, Preparation of DPR, Construction, Commissioning and O&M for 10 years of Rural Water Supply” for a total village of 2475 across six districts of Uttar Pradesh (Kasgunj, Badaun , Pilibhit, Amroha, Rampur and Sambhal) from the State Water Supply & Sanitation Mission, Namami Gange & Rural Water Supply Department on 23 January 2021.

Approximate aggregate value of the above six Projects is Rs. 2475.0 crore and specific value will be known at the time of agreement, after preparation and approval of DPR forthe Projects. The Project is to be constructed and put-on trial in 21 months upon signingof the agreement and operated for 10 years, post commissioning.

Including the above six (6) new Projects, the JV secured total eight (8) mandates in therural drinking water supply so far for an aggregate estimated value over Rs. 3717.0 crore.The Company (PNC Infratech)'s share in the JV is 95%.

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