PNC Infratech Bags Major Infrastructure Contract Worth ₹2,040 Crore from CIDCO

14 Oct 2024 , 02:18 PM

PNC Infratech Ltd announced on October 11, 2024, that it has received a Letter of Acceptance from CIDCO for an infrastructure project under the Navi Mumbai Airport Influence Notified Area (NAINA) initiative.

The contract, valued at ₹2,039.61 Crore (excluding GST), was awarded following successful negotiations that reduced the initial bid from ₹2,090.59 Crore. This joint venture with Aakshya Infra Projects Private marks a significant step in developing integrated infrastructure in Navi Mumbai.

The project scope includes constructing 20-meter-wide roads, major and minor structures like flyovers, minor bridges, and vehicular underpasses (VUPs), as well as pedestrian underpasses (PUPs).

Additionally, the contract entails associated electrical work, particularly street lighting in areas TPS-8, TPS-9, and TPS-12 under the NAINA project.

Awarded on an Engineering, Procurement, and Construction (EPC) basis, the project has a completion timeline of 1,460 days, which includes periods of monsoon.

This development aligns with the growing demand for infrastructure in Navi Mumbai, enhancing connectivity and urban growth. PNC Infratech continues to strengthen its portfolio in large-scale infrastructure projects across India.