Published On:April 21 2022
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PNC Infratech received Rs. 37.0 crore early completion bonus for Purvanchal Expressway - Package VI EPC Project.

PNC Infratech Limited announced the receipt of Rs. 37,01,52,000/- towards bonus for early completion of one of its EPC projects namely "Development of Purvanchal Expressway (Package VI) from km 218+300 to 246+500, in the state of Uttar Pradesh" from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), Authority for the Project on 20.4.2022.

The project has been completed on 30.11.2021, ninety-seven (97) days ahead of the Scheduled Completion Date. Accordingly, bonus @ 0.04% of the contract price (Rs. 954.0 crore), for each day of early completion received by the Company, in terms of the contract agreement.

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