PNC Infratech wholly owned subsidiary Akkalkot Highways Pvt Ltd with project six lane with access controlled greenfield highway from km 26.0 to km 97.0, Maharashtra, Karnataka border (Badadal) to Maradgi S Andola section of NH-150C on HAM mode has achieved financial closure for its HAM project with effect from October 28, 2022. The bid project cost for the projects is at Rs 1,575 crore
PNC Infratech bagged the project in March 2022 and signed concession agreement in June 2022. With these, the company has achieved financial closure within the time frame stipulated in the concession agreement. With achievement of financial closure, the company is expecting to receive appointed date soon, post which execution will kick in
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