PNC Infratech Ltd’s subsidiary Awadh Expressway Pvt Ltd has received Appointed Date on 10th November 2022 for a HAM Project namely “six lane upgradable to eight lane of Kanpur Lucknow Expressway including spur from Km 28.5 to 73+744 in the state of Uttar Pradesh (Package-2)”. The bid project cost for the project stands at Rs 1,513 crore with construction of 910 days.
PNC Infratech was declared L1 for the project during February 2022; achieved financial closure during October 2022 and received appointed date recently. Thus, overall time period between L1 declaration and appointed date stood at 10 months – better than most of the projects (achieved earlier). Now with the receipt of appointed date, the execution is likely to commence soon.
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