PNC Infratech secures six rural water supply projects worth Rs 2475 cr

Capital Market 

In State of Uttar Pradesh

PNC Infratech in Joint Venture with SPML Infra announced the receipt of Letters of Award (LOA) for six (6) new EPC Projects namely Survey, Design, Preparation of DPR, Construction, Commissioning and O&M for 10 years of Rural Water Supply for a total village of 2475 across six districts of Uttar Pradesh (Kasgunj, Badaun , Pilibhit, Amroha, Rampur and Sambhal) from the State Water Supply & Sanitation Mission, Namami Gange & Rural Water Supply Department on 23 January 2021.

Approximate aggregate value of the above six Projects is Rs. 2475.0 crore and specific value will be known at the time of agreement, after preparation and approval of DPR for the Projects. The Project is to be constructed and put-on trial in 21 months upon signing of the agreement and operated for 10 years, post commissioning.

Including the above six (6) new Projects, the JV secured total eight (8) mandates in the rural drinking water supply so far for an aggregate estimated value over Rs. 3717.0 crore. The Company (PNC Infratech)'s share in the JV is 95%.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, January 25 2021. 15:55 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU