Logistics

PNC Infra gets Rs 60-cr bonus for early completion of highway project

PTI Lucknow | Updated on February 23, 2018 Published on February 23, 2018

The large team of experts, new age machinery and building material purchased in advance helped in early completion of the project.

PNC Infratech has received Rs 60 crore as bonus from the Uttar Pradesh Government for early completion of a section on Agra-Lucknow expressway.

The scheduled date to complete the 56-km Agra to Firozabad section on the highway was January 28, 2018, PNC Infratech Managing Director Yogesh Jain said. “We completed the project on October 31, 2017, 89 days ahead of the scheduled date,” he said.

The amount of Rs 58.23 crore has been paid by the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), UP Government. The large team of experts, new age machinery and building material purchased in advance helped in early completion, Jain added.

The company reported a jump of 21 per cent in its net profit at Rs 93.06 crore for the quarter ended December 2017. Its revenues from operations also rose to Rs 472.48 crore from Rs 463.64 crore during the corresponding three-month period of the previous fiscal.

Agra-based PNC Infratech has presence over 12 states in India.

Published on February 23, 2018
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