PNC Infratech JV emerges lowest bidder for ₹571.8 crore UP bridge project

PNC Infratech Limited on Tuesday said that a joint venture comprising the company and SPS Constructions India Private Limited has emerged as the L1 (lowest) bidder for an EPC project awarded by UP State Bridge Corporation Ltd. (UPSBC).

The project involves the construction of a 4-lane major bridge over the Ganga River with a footpath on Bhairoghat Dhobighat Jalkal Campus, connecting Trans Ganga City to Kanpur City. The scope also includes approach roads and protection works in Kanpur district, Uttar Pradesh.

According to the company’s exchange filing, the quoted bid price for the project stands at ₹571.81 crore. The JV has been declared the first lowest bidder upon opening of price bids on May 13, 2026.

PNC Infratech said the project will be executed under the Engineering, Procurement and Construction (EPC) mode and carries a completion timeline of 36 months. The participation ratio between PNC Infratech and SPS Constructions India Pvt Ltd in the joint venture is 50:50.

The company also clarified that the contract has been awarded by a domestic entity and that neither the promoter nor promoter group entities have any interest in the awarding authority. It further stated that the transaction does not fall under related party transactions.

PNC Infratech is one of India’s major infrastructure construction companies with a strong presence across highways, expressways, bridges, airport runways and water infrastructure projects. In recent quarters, the company has continued to focus on expanding its order book amid increasing government spending on road and transport infrastructure.

The latest project win is expected to strengthen the company’s transportation infrastructure portfolio, particularly in Uttar Pradesh, where it already has a significant execution presence.

Disclaimer: This article is for informational purposes only and should not be construed as investment advice.