PNC Infratech shares rise 3% on emerging as lowest bidder for ₹495 crore bridge construction project in Bihar

This comes after the infrastructure firm announced that it emerged as the lowest (L1) bidder for a bridge construction project in Bihar, for a quoted price of ₹495.54 crores, exclusive of GST.

The financial bids for the project were opened on September 4, 2025, PNC Infratech said in a regulatory filing.

The tender for the project was floated by the Bihar State Road Development Corporation (BSRDC) for the construction of a high-level bridge and approach road on the Hathouri Atrar-Bavangama-Aurai Road, which stands at 21.30 km in length.

Other orders

Under the civil work contract package, the construction will be done in engineering, procurement, and construction (EPC) mode. Furthermore, the contract is to be executed in three years or 1,095 days, the filing added.

Earlier this week, the EPC firm revealed that it emerged as the L1 bidder for the project to develop Lal Bahadur Shastri International Airport in Varanasi, worth ₹297.01 crore, exclusive of GST.

The tender floated by the Airports Authority of India (AAI) comprises the extension of the runway, along with re-carpeting and strengthening of the existing runway and allied works. The order will take 18 months to be executed.

In August, the company received a letter of award (LoA) from NHPC for setting up a 300 megawatt (MW) interstate transmission system (ISTS) connected solar power project, with 150 MW/600 MWh energy storage system (ESS).

The order was signed for a broad consideration of ₹3.13 per kilowatt-hour (kWh), the Uttar Pradesh-headquartered company said.

In a separate regulatory filing in August, the firm won an order worth ₹3,488.86 crore, including 18% GST, from South Eastern Coalfields Limited (SECL).

It received the LoA for handling, transport, and other mining services, including hiring of HEMM (heavy earth-moving machinery) for OB (overburden) removal and coal extraction by surface miner, along with loading and transportation of extracted coal to different destinations at the Gewa OCP expansion project.

PNC Infratech stock closed 2% higher at ₹311.15 per equity share on the NSE on Friday.