PNC Infratech’s Runway to Success with Varanasi Airport Development Deal

Image Source: ET Infra

PNC Infratech Ltd has won a significant infrastructure contract valued at ₹2.97 billion from the Airports Authority of India (AAI) for the expansion and strengthening of the runway at Lal Bahadur Shastri International Airport, Varanasi. The project is to be completed within 18 months, bolstering the company’s airport infrastructure portfolio.

PNC Infratech Ltd, a leading Indian infrastructure company, has been declared the lowest bidder for a major runway development project at Lal Bahadur Shastri International Airport in Varanasi. The order, worth ₹2.97 billion (₹297.01 crore excluding GST), was awarded by the Airports Authority of India (AAI) and includes the extension, re-carpeting, and strengthening of the existing runway, along with allied works.

Key highlights of the project:

This contract marks PNC Infratech’s continued expansion into airport infrastructure, reflecting its expertise and growing capabilities in high-value civil construction projects.

The project execution is slated for 18 months, requiring precision and adherence to strict aviation safety and quality standards.

The runway extension will enhance the airport's capacity to handle increased air traffic and larger aircraft, contributing to regional connectivity and tourism growth in Varanasi.

PNC Infratech confirmed that this contract is not related to any promoter or related party transactions, ensuring transparency in the order book additions.

The company’s involvement in this project aligns with national initiatives to upgrade infrastructure and improve airport facilities across India under programs such as UDAN and National Infrastructure Pipeline.

This order further diversifies PNC Infratech’s portfolio beyond roads and highways into the strategic aviation sector, underlining its capabilities across multiple infrastructure domains.

The company reported a Q1 FY26 standalone revenue of ₹1,136 crore and consolidated net profit crossing ₹431 crore, showcasing financial strength to execute large-scale contracts.

PNC Infratech’s acquisition of this contract solidifies its position as a key player in India’s infrastructure renaissance. The runway upgrade at one of the most culturally important cities bodes well for enhanced connectivity, supporting not only passenger growth but also economic development in the region.

Sources: Capital Market, Business Standard, Angel One, Market Screener