PNC Infratech achieves financial closure in two HAM projectsPNCINFRA - 332 Change: -1.65 (-0.49 %)
PNC Infratech has achieved financial closure in its two HAM projects namely "Kanpur- Lucknow Expressway package I and ll" in Uttar Pradesh and has submitted the duly executed financing documents to NHAI on October 7, 2022. The combined bid project cost for two HAM projects was at Rs 2,926 crore.
PNC Infratech achieved financial closure within the time frames stipulated in the respective concession agreements. With these, the company is expecting the receipt of appointed date soon, post which execution will kick in.