Infrastructure construction company PNC Infratech has secured three hybrid annuity highway projects from the National Highway Authority of India (NHAI).

The company emerged as the lowest bidder for these three highway projects, which have a combined value of Rs51.84bn ($725.91m). All three projects are located in the state of Uttar Pradesh.

The first project involves expanding the Jagdishpur-Faizabad section of NH 330-A to four lanes. Three bidders placed their tenders for this 60.22km-long project.

Construction work is expected to be completed in 24 months. The company will also operate the section for 15 years after construction.

Under the second contract, PNC Infratech will be responsible for converting the 60.64km-long Aligarh-Kanpur section of the NH 91 to four lanes. The company emerged as the lowest bidder among five firms.

This project will be delivered in 30 months and will be operated for 15 years.

The two projects will be delivered under the Bharatmala Pariyojna.

The third project involves building the 70km-long four-lane Unnao-Lalganj section of the NH 232 A under NHDP IVB. Four firms participated in the bidding process, among which PNC’s bid was the lowest.

Construction is set to be completed in 30 months, followed by 15 years of operation.

Overall, PNC Infratech has received ten hybrid annuity highway projects so far.

Headquartered in the city of Agra, PNC Infratech is engaged in delivering major infrastructure projects in India.

The company specialises in the construction and development of highways, bridges, flyovers, and airport runways.