PNC Infratech Receives Letter of Intent (LOI) Worth ₹302.44 Crore from Airports Authority of India (AAI)

PNC Infratech Limited (BSE: 539150, NSE: PNCINFRA) has received a formal Letter of Intent (LOI) dated July 31, 2026, from the Airports Authority of India (AAI).

This announcement follows the company's prior disclosure on May 29, 2026, where it emerged as the lowest bidder (L1) for the Engineering, Procurement, and Construction (EPC) package for both cityside and airside works at Pantnagar Airport in Uttarakhand.

Project Overview & Key Details

1. Financial & Contractual Parameters

Awarding Entity: Airports Authority of India (AAI)

Contract Value: ₹302.44 Crore (excluding GST)

Execution Mode: EPC Basis (Engineering, Procurement, and Construction)

Completion Period: 24 Months

Geography / Entity Type: Domestic Entity / Domestic Project

Comprehensive Scope of Work

The project entails comprehensive upgrading across both civil and specialized systems at Pantnagar Airport:

Cityside Development Works

Terminal & Support Facilities: Construction of a new domestic terminal building, dedicated vehicle parking, and an electrical sub-station.

Access & Civils: Approach roads, ancillary structures, and allied civil works.

Specialized Systems: MEP and electro-mechanical systems, integrated airport systems, IT infrastructure, security systems, plus ongoing operational maintenance and AICMC.

Airside Development Works

Runway & Pavement Infrastructure: Extension and strengthening of the main runway, apron, taxiways, isolation bay, and RESA (Runway End Safety Area).

Navigational & Lighting Facilities: Grading, civil, and electrical installation for NAV-AIDS facilities, perimeter road, approach roads, and runway lighting systems.

Operational Significance

This win strengthens PNC Infratech's civil aviation order book alongside its major highway and bridge EPC projects, enhancing its execution credentials in high-precision airport infrastructure.

Shares of PNC Infratech Limited was last trading in BSE at Rs. 245.95 as compared to the previous close of Rs. 239.40. The total number of shares traded during the day was 38864 in over 1175 trades.

The stock hit an intraday high of Rs. 248.00 and intraday low of 237.60. The net turnover during the day was Rs. 9455959.00.

Source : Equity Bulls

Keywords

PNCInfratech INE195J01029 LOI AAI