|PNC Infratech recently said that it has been declared as the lowest bidder for a contract in Uttar Pradesh for resurfacing the runway at an Air Force station.|
"PNC Infratech Ltd. was declared the L1 (lowest) bidder for the project of extension and resurfacing of runway at Air Force Station, Bakshi Ka Talab, near Lucknow. The bid amount for this project of Military Engineering Services, Government of India, is Rs. 140.6 crore,Ē the company said in a statement.
The price bids were opened yesterday with PNCís bid being declared the lowest.
"This is the second EPC (engineering, procurement and construction) contract won by the company in the current financial year, having won a Rs. 120-crore bid last month for upgradation of a PWD road in Aligarh, UP, the company said.
PNC Infratech 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.
The company is executing projects across various states, including Rajasthan, Punjab, Haryana, Uttarakhand, Uttar Pradesh, Delhi, Bihar, West Bengal, Assam, Madhya Pradesh, Maharashtra, Karnataka and Tamil Nadu.
The company said till date it has executed 51 major projects and is working on 21 projects on EPC basis.
The firmís total order book, in terms of contracts pending execution is over Rs. 5,200 crore.
PNC Infratech, through its various subsidiaries and associate companies, has a portfolio of 7 operational projects.
Shares of the company were trading at Rs. 530 on BSE, down 2.17 per cent from the previous close.