PNC Infratech Limited received Rs. 82.68 crore early completion bonus for Purvanchal Expressway Package V.

PNC Infratech Limited announced the receipt of Rs. 82,68,48,000/-towards bonus for early completion of one of its EPC projects namely "Development of Purvanchal Expressway (Package V) from Sansarpur (Dist. Sultanpur) to Gobindpur (Dist. Azamgarh) Km. 164+300 to Km. 218+300, in the state of Uttar Pradesh" from Uttar PradeshExpressways Industrial Development Authority (UPEIDA), Authority for the project, on 16.3.2022.

The project has been completed on 26.10.2021, one hundred thirty-two (132) days ahead of the Scheduled Completion Date. Accordingly, bonus @ 0.04% of the contract price (Rs. 1566.00 crore), for each day of early completion, received by the Company in terms of the contract agreement.

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