The company said it has secured the bid for the project involving cityside works, including a new domestic terminal building with parking, electrical sub-station, approach roads, ancillary structures, allied works and associated MEP and electro-mechanical works, airport system, IT system, security system, including maintenance, operation & AICMC.
The scope also includes extension and strengthening of runway, apron, taxiways, isolation bay, RESA, grading, civil and electrical works for NAV-AIDS facilities, perimeter road, approach road, runway lighting system, and allied works at Pantnagar Airport in Uttarakhand on an EPC basis.
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The order has been awarded by AAI and is classified as a domestic contract. The quoted price for the project stands at ₹302.44 crore, excluding GST. The execution timeline for the project has been set at 24 months.
PNC Infratech confirmed that the promoter or promoter group has no interest in the entity awarding the contract. It also stated that the contract does not fall under related party transactions and is not executed on an arm’s length related party basis.
Shares of PNC Infratech Ltd ended at ₹203, down by ₹9.05, or 4.27%, on the BSE today, May 29.
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(Edited by : Shoma Bhattacharjee)
