Image Source: PSU Connect
In a significant development for India’s infrastructure push, PNC Infratech Ltd announced today that its wholly-owned subsidiary, Varanasi Kolkata Highway Package 6 Private Limited, has officially received the Appointed Date from the National Highways Authority of India (NHAI) for a major Bharatmala Pariyojana project. This milestone marks the green light for construction to commence on one of the most strategically important highway corridors in eastern India.
Key Project Highlights
Project Scope: Construction of a six-lane, greenfield section of the Varanasi–Ranchi–Kolkata Highway from Pachmon (km 116+000) to Anarbansalea (km 151+200), covering a total length of 35.2 kilometers.
Execution Model: The contract will be executed under the Hybrid Annuity Model (HAM), which ensures sound risk-sharing and timely financing.
Timeline: Construction is slated for completion within 730 days (two years) from the Appointed Date. Post-completion, the operating period extends for 15 years.
Strategic Importance: The new highway is part of the government’s Bharatmala Pariyojana megaproject and is designed to improve connectivity between Uttar Pradesh, Bihar, Jharkhand, and West Bengal. The corridor will significantly reduce travel times, creating a faster trade link between northern and eastern India and stimulating economic growth across the region.
Operational Start: Today’s Appointed Date declaration enables PNC Infratech to formally launch construction activities, mobilize resources, and accelerate implementation.
Broader Impact and Industry Position
This win reinforces PNC Infratech’s reputation as a premier player in the Indian infrastructure sector. The company already operates a robust portfolio of road, bridge, and urban projects across the country. The Appointed Date for this highway project widens its footprint into one of the government’s flagship Eastern transport corridors, a region crucial for logistics, agriculture, and industry.
Market analysts point out that receiving the Appointed Date is not just a regulatory step; it is central to revenue recognition under the HAM model and kickstarts cash flows, vendor mobilization, and on-ground progress. PNC’s consistent project execution track record, competitive bidding strategy, and adherence to quality and compliance standards set it apart in a fiercely contested sector.
Outlook
With this new project, PNC Infratech aims to consolidate its growth story in FY26 and beyond. The Varanasi–Kolkata highway section is expected to be a key contributor to the company’s order book, revenue growth, and regional development goals over the next few years. Its completion will boost regional trade, reduce logistics and travel time, and provide a fillip to economic activity in multiple states.
Source: Official company filing with NSE, Business Upturn, Construction World, Elite Wealth.
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