PNC Infratech Limited, in a 50:50 joint venture with SPS Constructions India Private Limited, has been declared the First Lowest (L1) bidder for a significant infrastructure project in Uttar Pradesh. The project, awarded by the UP State Bridge Corporation Ltd. (UPSBC), involves the construction of a 4-lane major bridge over the Ganga River in Kanpur. The joint venture’s quoted price for this Engineering, Procurement, and Construction (EPC) contract is ₹571.81 Crores.

The project specifically entails the “Construction of 4-Lane Major Bridge Over Ganga River with Footpath on Bhairoghat Dhobighat Jalkal Campus, Connecting to Trans Ganga City to Kanpur City,” which includes the development of approach roads and necessary protection works. This domestic contract is scheduled to be executed over a completion period of 36 months. The bid was formally declared successful following the opening of price bids on May 13, 2026.

PNC Infratech is a prominent Indian infrastructure company specializing in the construction and management of highways, bridges, flyovers, and airport runways. Throughout 2025 and early 2026, the company has maintained a robust order book, recently securing two National Highway projects valued at ₹3,483 Crores in April 2026. Additionally, in May 2026, the company settled a long-standing contractual dispute with NHAI regarding the Agra Bypass project for ₹235 Crores under the Vivad Se Vishwas III scheme, significantly boosting its cash flow.

For the quarter ending December 2025, PNC Infratech reported a consolidated revenue of ₹1,238.34 Crores, reflecting a -18.11% decline compared to the corresponding quarter of the previous year. The net profit for the same period stood at ₹76.75 Crores, a decrease of -5.7% year-on-year. On a quarter-on-quarter basis, revenue fell by -6.33% while net profits saw a sharp decline of -64.43%. Prominent institutional investors in the company as of late 2025 and early 2026 include HDFC Asset Management Company, ICICI Prudential, and the Nippon India Small Cap Fund.