PNC Infratech Limited — Important, 27-02-2025: General Updates

PNC Infratech Limited has achieved provisional completion of its road project, "Improvement and Up-gradation of Existing Road to 4-Lane with Paved Shoulder from Km 175.080 to Km 229.070," 168 days ahead of schedule. The project is under the Hybrid Annuity Model and was executed by its subsidiary, Hardoi Highways Private Limited, with an estimated project cost of ₹864 crore.

With the provisional completion certificate issued, the project is set to enter commercial operations effective from January 18, 2025. This early completion qualifies the concessionaire for an early completion bonus of ₹14.18 crore, enhancing the project's financial outlook. Investors should view this development positively, as it demonstrates operational efficiency and could provide a boost to PNC's revenue streams moving forward.