Latest news with #PNCInfratechLimited
Business Upturn
a day ago
- Business
- Business Upturn
PNC Infratech bags Rs 239.94 crore flyover project in Rajasthan from PWD
PNC Infratech Limited has informed exchanges that the company bagged a Letter of Acceptance (LoA) dated June 6, 2025, from the Public Works Department (PWD) of Rajasthan for a significant infrastructure development project. The project entails the construction of a flyover from Heeradas Chouraha to Kumher Gate Chouraha in Bharatpur City, Rajasthan. The contract, awarded under the Engineering, Procurement, and Construction (EPC) model, is valued at ₹239.94 crore. The project is slated for completion within a period of 24 months. Advertisement This is a purely domestic contract with no promoter or promoter group interest involved in the awarding entity. The development is expected to significantly ease traffic congestion and enhance urban mobility in Bharatpur, a key city in Rajasthan. With this win, PNC Infratech further strengthens its presence in the road and infrastructure segment, aligning with its vision of contributing to India's growing urban infrastructure. PNC Infratech Q4 results PNC Infratech reported a sharp decline in its financial performance for the fourth quarter ended March 2025. The company's net profit plunged 81% year-on-year to ₹75.50 crore, compared to ₹395.90 crore in Q4 FY24. Revenue from operations also fell significantly by 34.5%, standing at ₹1,704 crore versus ₹2,600 crore in the same period last year. EBITDA for the quarter came in at ₹362 crore, down 51% from ₹736 crore a year ago. The EBITDA margin also shrunk to 21.26%, compared to 28.32% in Q4 FY24.
Time of India
21-05-2025
- Business
- Time of India
Tribunal directs NHAI to pay Rs 485 cr with interest to PNC
Lucknow: The Arbitral Tribunal has directed National Highways Authority of India (NHAI) to pay Rs 485 crore with interest to PNC Infratech Limited, which had sought more funds in view of the rise in cost due to project delay. The disagreement stemmed from the FIDIC contract (International Federation of Consulting Engineers) regarding the construction of a new four-lane Agra Bypass. An NHAI official source said, "The basic claim of PNC Infratech Limited was on delay of project which purportedly raised the cost of men and machinery as per them. The company demanded payment for that and went to AT." Upon invocation of the arbitration clause in the contract agreement, an AT was established in June 2019 to resolve the disputes. The source stated, "Our legal team is studying the order to brief the headquarters which will take further action in the matter." PNC Infratech had submitted claims against NHAI totalling Rs 661.51 crore, including interest calculated until Aug 24, 2024. NHAI had filed counterclaims amounting to Rs 38.52 crore, plus interest.
Hans India
21-05-2025
- Business
- Hans India
S&A Law Offices successfully represented PNC Infratech Limited against the NHAI to win an arbitration award of Rs. 485 Crore
S&A Law Offices successfully represented PNC Infratech Limited in a significant arbitration proceeding against the National Highways Authority of India (NHAI). The Hon'ble Arbitral Tribunal awarded Rs. 485 Crore in favour of PNC Infratech Limited, along with interest at the rate of 12% per annum and applicable taxes and dismissed NHAI's Counterclaims. The dispute arose out of the FIDIC Contract concerning the construction of the New Four Lane Agra Bypass connecting Km 176.800 of NH-2 to Km 13.03 of NH-3 in the state of Uttar Pradesh. The S&A Law Offices, led by Manoj K Singh, Gunita Pahwa and assisted by Anand Pratap Singh, Ankur Mishra and Shashank Saurabh.
Business Upturn
19-05-2025
- Business
- Business Upturn
PNC Infratech shares surge 4% after Rs 485 crore arbitration win against NHAI
By Aman Shukla Published on May 19, 2025, 10:19 IST Shares of PNC Infratech Limited surged 4% following the announcement of a significant arbitration award in the company's favour. As of 10:14 AM, the shares were trading 3.30% higher at Rs 289.45. The award, amounting to ₹485.27 crore, was published late on May 17, 2025, and pertains to a long-standing dispute with the National Highways Authority of India (NHAI) related to an EPC project for the construction of a four-lane Agra Bypass in Uttar Pradesh. The project, originally awarded under Contract Package NS-1ruP1A, faced execution-related issues that led PNC to invoke arbitration back in June 2019. The arbitration was conducted by a prestigious three-member tribunal comprising former Supreme Court judges, including Justice K.S.P. Radhakrishnan, Justice G.S. Singhvi, and Justice Dipak Misra. PNC Infratech had filed claims totaling ₹661.51 crore, while NHAI counterclaimed ₹38.52 crore. The tribunal ruled decisively in favour of PNC, awarding ₹485.27 crore with 12% annual interest from May 17, 2025, until the date of realization. NHAI's counterclaims were fully rejected. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
22-04-2025
- Business
- Business Upturn
PNC Infratech wins Rs 239.94 crore Bharatpur flyover project
PNC Infratech Limited recently informed exchanges that the company has been declared the first lowest (L1) bidder for a significant infrastructure project in Bharatpur, Rajasthan. The project involves the construction of a flyover stretching from Heeradas Chouraha to Kumher Gate Chouraha within Bharatpur city. The development will be carried out on an Engineering, Procurement, and Construction (EPC) mode and is valued at Rs. 239.94 crore. Awarded by the Public Works Department (PWD) of Rajasthan, this is a domestic contract, underlining the continued trust placed in PNC Infratech's execution capabilities for key urban infrastructure projects. The construction timeline for this flyover has been set at 24 months from the date of commencement. In the meantime, PNC Infratech shares closed today at ₹279.50, slightly up from the opening of ₹279.45. The stock touched a high of ₹284.90 and a low of ₹278.00 during the day. Despite current volatility, it remains well below its 52-week high of ₹574.80, but above the 52-week low of ₹244.00. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
