PNC Gomti Highways Private Limited achieves financial closure for two projects

PNC Gomti Highways Private Limited, wholly owned subsidiary of PNC Infratech Limited, received communication from the National Highways Authority of India (NHAI) on February 12, 2021, confirming the achievement of financial closure of its project on January 30, 2021. The project involves four-laning of the Jagdishpur-Faizabad section of NH-330A from km 47.93 (design chainage km 47.8) to km 107.68 (design chainage km 108.02) in Uttar Pradesh. The bid project cost is Rs 15.3 billion. PNC Infratech Limited also announced that its wholly owned subsidiary, PNC Meerut Haridwar Highways, has received communication from NHAI on March 11, 2021, confirming the achievement of financial closure for the Rs 14.12 billion highway project on February 10, 2021. The project involves four-laning of the Meerut-Naziabad section of NH-119 in Uttar Pradesh.

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