The order entails Construction of 4-lane highway from Km 49.155 to Km 74.700 (Singraur Uphar to Baranpur Kadipur Ichauli) of NH-731A with paved shoulders (i/c Ganga Bridge) in the state of Uttar Pradesh on Hybrid Annuity Mode (Package-III).

The company secured the order from Ministry of Road Transport and Highways of India. The bid project cost is Rs 819 crore. The project is to be constructed in 24 months and operated for 15 years, post construction.

PNC Infratech is engaged in India's infrastructure development through the construction of highways including BOT (built, operate and transfer projects), HAM (Hybrid Annuity Model), airport runways, bridges, flyovers and power transmission projects, among others.

The company's consolidated net profit jumped 68.3% to Rs 139.69 crore on 4.7% rise in net sales to Rs 1,803.28 crore in Q3 FY23 over Q3 FY22.

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PNC Infratech announced that Care Ratings has revised its credit rating on the bank facilities of its Subsidiary Company namely PNC Kanpur Highway as under:

Long term bank facilities - CARE AA-; Stable (revised from CARE A+; Stable)

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PNC Infratech's subsidiary namely Sonauli Gorakhpur Highways (SPV/Concessionaire) received Appointed Date of 06 March 2023 for the following HAM Project of National Highways Authority of India (NHAI) vide NHAI's communication dated 21 March 2023 as detailed below:

Four Laning of Sonauli - Gorakhpur section of NH-29E from Design Ch.0+000 to Design Ch. 79+540 (from Existing Ch. 0+000 to Existing Ch.80+295) on Hybrid Annuity Mode in the state of Uttar Pradesh.

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PNC Infratech announced that CARE Ratings has reaffirmed the ratings on long term bank facilities of its subsidairies - PNC Gomti Highways and PNC Bithur Kanpur Highways at CARE A; Stable.

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