PNC Infratech Limited commences toll operations on Kanpur-Kabrai section of National Highway-86

PNC Kanpur Highways Limited, a wholly owned subsidiary of PNC Infratech Limited, has commenced toll operations with effect from 7th May 2015 on the Kanpur-Kabrai section of National Highway - 86. PNC Infratech was awarded the project for two-laning with paved shoulder from 7.430 km to 130.100 km in the state of Uttar Pradesh by NHAI on DBFOT basis. The total project cost was Rs. 458.5 Crore, including a grant of Rs. 123.0 Crore. The concession period for the project is 12 years from the appointed date, including 18 months construction period. The stretch has two toll collection points at Aliayapur and Khanna at 43.500 km and 105.500 km respectively.

PNC Infratech Limited is an infrastructure construction, development and management company, with expertise in execution of major infrastructure projects, including highways, bridges, flyovers, airport runways, power transmission lines, development of industrial areas and other infrastructure activities. It provides EPC services on a fixed-sum turnkey basis as well as on an item rate basis for various infrastructure projects. PNC also implements projects on a BOT basis wherein it operates them during the concession period on toll or annuity basis and subsequently transfers the projects. The company has executed or is executing projects across various states in India covering Rajasthan, Punjab, Haryana, Uttarakhand, Uttar Pradesh, Delhi, Bihar, West Bengal, Assam, Madhya Pradesh, Maharashtra, Karnataka and Tamil Nadu. The Company has executed 42 major infrastructure projects and is currently working on 23 projects on EPC basis. The Company’s order book in terms of total value of contracts including escalation was Rs 78,497.00 million as on March 31, 2015 of which the outstanding contracts pending execution are valued at Rs 34,447.60 million.

PNC Infratech, through its various subsidiaries and associate/ joint venture companies, has a portfolio of total 8 BOT/OMT projects of which the following 5 projects are now operational :

1.             100% owned BOT toll project of Kanpur Kabrai section of National Highway 86

2.             100% owned BOT toll project of Gwalior Bhind section of National Highway 92

3.             100% owned OMT project of Kanpur – Lucknow – Ayodhya section of NH 25, NH 56-         A&B and NH-28

4.             8.5% owned BOT toll project of Jaora Nayagaon section of Madhya Pradesh State         Highway 31

5.             100% owned annuity project of re-development and management of Industrial            Estate of Narela, New Delhi

The remaining three projects viz. 35% owned BOT toll project of Ghaziabad Aligarh section of National Highway 91, 100% owned BOT toll project of Bareilly-Almora section of Uttar Pradesh State Highway 47 and 100% owned BOT annuity project Raebareli to Jaunpur section of National Highway 231 are at various stages of construction.