Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
• PNC Infratech and SPS Constructions secured a Ganga bridge EPC project in Kanpur from UPSBC.
• The INR 559.53 crore project includes a four-lane bridge, approach roads and protection works.
• The project will be executed over 36 months through a 50:50 joint venture.
PNC Infratech Limited has announced that its joint venture with SPS Constructions India Private Limited has received a Letter of Acceptance from UP State Bridge Corporation Limited for construction of a four-lane bridge over the Ganga river in Kanpur, Uttar Pradesh. Advertisement
According to the company’s regulatory filing submitted to the Bombay Stock Exchange and National Stock Exchange on 14 May 2026, the project involves construction of a four-lane major bridge with footpaths at Bhairoghat Dhobighat Jalkal Campus connecting Trans Ganga City to Kanpur City, including approach roads and protection works under the engineering, procurement and construction (EPC) mode.
The company stated that the Letter of Acceptance dated 13 May 2026 was received by the joint venture in the late hours of the same day following completion of the bidding and negotiation process. The contract has been awarded by UP State Bridge Corporation Limited, a state government entity.
PNC Infratech stated that the joint venture comprising SPS Constructions India Private Limited and PNC Infratech Limited, with equal participation ratio of 50:50, was declared the first lowest bidder after opening of financial bids on 13 May 2026.
The filing noted that negotiations were subsequently conducted with the authority on the quoted project value. Following discussions, the joint venture reduced its initial quoted price from INR 571.81 crore to INR 559.53 crore excluding GST, which was accepted by the authority.
According to the disclosed project details, the bridge project is categorised as a domestic EPC infrastructure contract and is scheduled for completion within 36 months. The scope includes bridge construction, connectivity infrastructure, approach road development and associated river protection works.
The company further clarified that neither the promoter group nor related entities have any interest in the awarding authority and that the project does not fall within related party transactions under applicable regulations.
The announcement was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, alongside disclosure requirements prescribed under the SEBI circular dated 30 January 2026 relating to material contracts and order disclosures by listed entities.
Source: PNC Infratech
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
