Infrastructure company PNC Infratech Ltd on Tuesday (October 13) said the Delhi High Court has stayed the debarment orders issued by the National Highways Authority of India (NHAI) against the company and its special purpose vehicle (SPV), Awadh Expressway Pvt Ltd.
The court, through an order dated October 12, 2026, stayed the effect of the two debarment orders issued by NHAI on September 11 and September 3, 2026, against PNC Infratech and Awadh Expressway, respectively.
The company downloaded the court order from the High Court’s website on October 13. PNC Infratech said the debarment of Awadh Expressway had been extended to the company by NHAI.
ALSO READ | Stock Crash: PNC Infratech shares tank 20%, extend losses from 52-week high on this negative development
The company added that its development, construction, operations and maintenance activities, along with those of its subsidiaries, would continue to remain unaffected. It said any financial implications, if applicable, would be disclosed in due course.
Back in September this year, the company was debarred from bidding for any National Highways Authority of India (NHAI) and Ministry of Road Transport and Highways (MoRTH) projects for a three-year period.
The reason cited behind this decision is issues pertaining to structural distress reported on the Kanpur-Lucknow Expressway Package-II. Prospects of the company are impacted as NHAI their biggest client.
ALSO READ | PNC Infratech emerges L1 bidder for ₹3,483-crore NHAI highway projects in Uttar Pradesh
NHAI had earlier initiated disciplinary action last month after these developments. However, it must be noted that the ongoing projects, and projects for which the company has emerged as the L1 (lowest) bidder, will not be impacted.
PNC Infratech said in a statement to the exchanges that the company is currently evaluating legal remedies after these developments. As of June this year, NHAI contributed to nearly 36% of PNC Infratech’s overall order backlog of ₹19,200 crore. The company had been hit with a one-year ban in October last year on bribery allegations, which was later reduced to four months.
Shares of PNC Infratech ended at ₹156.70, up by ₹18.40, or 13.30%, on the BSE.
ALSO READ | PNC Infratech emerges lowest bidder for ₹194 crore Lucknow flyover project