PNC Infratech Secures NHAI Concession Pacts Worth ₹3,483 Crore for UP Highway Projects.

PNC Infratech, an infrastructure implementation solutions company, has signed concession agreements with the National Highways Authority of India (NHAI) for two hybrid annuity mode (HAM) highway projects in Uttar Pradesh with a combined bid project cost of ₹3,483 crore.

According to a regulatory filing, the first project involves the construction of a four-lane highway between Barabanki and Mustafabad on NH-927 under the NH(O) Scheme (Package-I). The project has a bid project cost of ₹1,728 crore and will be executed through the company’s special purpose vehicle (SPV), Barabanki Mustafabad Highway.

The second project, valued at ₹1,755 crore, involves the development of a four-lane highway from Mustafabad to Biswariya on NH-927 under the NH(O) Scheme (Package-II). The project will be implemented through Mustafabad Biswariya Highway Private Limited, another SPV incorporated by the company.

The concession agreements were signed on July 16, 2026. Both projects are expected to be completed within 24 months from their respective appointed dates and will have an operation period of 15 years after construction.

PNC Infratech said the projects will be developed under the HAM model, with implementation carried out through dedicated project entities established for the purpose.