PNC Infratech wins ₹495.54 Cr bridge

PNC Infratech said on September 19, 2025 it received a ₹495.54 crore letter of acceptance for a bridge and road package in Bihar. (nseindia.com) The award came from Bihar State Road Development Corporation for a high-level bridge and approach road on the Hathouri-Atrar-Bavangama-Aurai Road. The company disclosed the contract in an exchange filing the same day. (nseindia.com) PNC Infratech had first told exchanges on September 5, 2025 that it was the lowest bidder for the same job after financial bids were opened on September 4. That earlier filing put the quoted price at ₹495.54 crore, exclusive of goods and services tax. (nseindia.com) The project is not a short bridge repair. It is a 21.30-km civil works package that combines the main high-level bridge with approach roads needed to connect traffic to it. (nseindia.com) The contract will be executed in engineering, procurement and construction mode, which means PNC Infratech is responsible for building the asset for a fixed contract value rather than collecting toll revenue from it. The filing sets the execution period at 1,095 days, or three years. (nseindia.com) PNC Infratech also said the order is domestic and that its promoter group and group companies have no interest in the awarding entity. The company said the contract does not fall under related-party transactions. (nseindia.com) For PNC Infratech, the Bihar award lands as the company was reporting a remaining value of contracts under execution of more than ₹19,300 crore as of December 31, 2025. Its investor presentation grouped highways as 53% of that unexecuted order book. (pncinfratech.com 1) (pncinfratech.com 2) The stock was trading at ₹217.40 on the Bombay Stock Exchange on April 24, 2026, giving the company a market capitalization of ₹5,577.16 crore. That leaves the Bihar bridge package at roughly 9% of the company’s market value, based on those two disclosed figures. (bseindia.com) (nseindia.com) The immediate next step is execution: turning a September 2025 award into a completed 21.30-km bridge-and-road link within the three-year deadline set by Bihar’s road agency. (nseindia.com)