PNC Infratech receives early completion bonus of Rs 37 crore

News: PNC Infratech has announced receipt of Rs 37 crore towards bonus for early completion of one of its EPC projects namely "Purvanchal Expressway (Package VI) in Uttar Pradesh” from UPEIDA

Views: PNC Infratech had completed the project on November 30, 2021, 97 days ahead of the scheduled completion date. Accordingly, bonus @0.04% of the contract price (Rs 954 crore) for each day of early completion has been received by the company. Early completion bonus validates the company's robust execution capabilities and aids overall margin profile of the company, which will reflect in Q1FY23

Impact: Positive