PNC Infratech Secures ₹297 Cr Varanasi Airport Upgrade! ✈️

Big news from the infrastructure sector! PNC Infratech Limited (NSE: PNCINFRA) has just announced a major win, emerging as the Lowest (L-1) Bidder for a substantial project at the Lal Bahadur Shastri International Airport in Varanasi. This is a significant development for the company, reinforcing its position in India’s growing aviation infrastructure landscape.

The project, awarded by the Airports Authority of India (AAI), is focused on the “Development of Lal Bahadur Shastri International Airport Varanasi.” The scope of work is quite comprehensive, involving the extension of the runway, along with re-carpeting and strengthening of the existing runway, and other allied works. This kind of upgrade is crucial for enhancing the airport’s capacity and safety, catering to increasing air traffic.

Financially, this is a hefty contract, valued at approximately ₹297.01 Crores (that’s ₹2,97,01,47,756.95/- to be precise, exclusive of GST). Being the L-1 bidder means PNC Infratech submitted the most competitive bid, making them the frontrunner to secure the final contract. The financial bids for this domestic project were opened on September 2, 2025.

What’s the timeline for this ambitious undertaking? PNC Infratech is expected to execute the project within eighteen (18) months. This is a relatively tight schedule for an airport development of this scale, highlighting the company’s commitment to timely delivery.

For those keeping an eye on PNC Infratech’s performance, the stock (PNCINFRA) last traded at ₹304, seeing a slight dip of 0.3% before the market closed. This new project win could certainly be a positive catalyst going forward.

This win underscores PNC Infratech’s expertise in large-scale infrastructure projects and its continued contribution to modernizing India’s transport networks. Keep an eye out for more updates as this exciting project takes off! 🏗️

source: Corporate Announcement

Join our Telegram for instant updates!