Wedoany.com Report-Sept. 26, PNC Infratech Ltd has received a Letter of Acceptance (LoA) valued at ₹4.96 billion from the Bihar State Road Development Corporation (BSRDC) for a significant infrastructure project in Bihar, India. The contract entails constructing a high-level bridge and approach road along the Hathouri-Atrar-Bavangama-Aurai Road, covering 21.3 km. Awarded under the Engineering, Procurement, and Construction (EPC) model, the project is expected to be completed within 1,095 days, or three years. PNC confirmed that its promoters and group entities have no financial or business interests in BSRDC, ensuring transparency. The LoA follows an earlier disclosure on September 5, when the project was listed in PNC’s bid pipeline.

“We are dedicated to delivering this vital infrastructure project on time, enhancing connectivity across Bihar,” said a PNC Infratech spokesperson. The bridge and road development will improve transportation networks, supporting economic growth and accessibility for local communities.

In a separate development, PNC Infratech obtained approval from the Competition Commission of India (CCI) for its proposed acquisition of Jaiprakash Associates Ltd (JAL), a company currently under insolvency proceedings. The resolution plan involves PNC acquiring between 95% and 100% of JAL, either directly or through a special-purpose vehicle. JAL operates in the cement and power sectors, and this acquisition marks a strategic expansion for PNC beyond its primary focus on road and highway construction.

“This acquisition supports our strategy to diversify into complementary sectors while leveraging our EPC expertise,” said a PNC Infratech representative. By integrating JAL’s operations in cement and power, PNC aims to strengthen its portfolio and contribute to growth in related industries.

The Bihar bridge project and the JAL acquisition highlight PNC Infratech’s commitment to expanding its role in India’s infrastructure and industrial sectors. Through securing significant contracts and regulatory approvals, the company is poised to drive regional development and economic progress while maintaining high standards in project execution.