PNC Infratech announced that it has emerged as the "lowest bidder" for a ₹2,091 crore infrastructure project near the upcoming Navi Mumbai Airport.

The four-year contract includes building roads, flyovers, minor bridges, and related electrical works, according to the regulatory filing. The project bids were invited by the City & Industrial Development Corporation of Maharashtra Ltd. (CIDCO), Navi Mumbai’s town planning authority.

"Our Company has been declared Ll (First Lowest) bidder in an EPC project on item rate percentage, namely "Integrated Infrastructure Development of 20M & above wide roads, Construction of Various Major & Minor Structures (Viz Flyover, Minor Bridges, VUPS, PUPS, etc.), and Allied Electrical Works (Street Light) in TPS-8,9 and TPS-12 under NAINA Project on 09.10.2024 for a quoted price of Rs. 2090.59 crore," the company said in its regulatory filing.

In August, the company was awarded a Rs 380 crore contract as the lowest bidder for a highway-cum-bridge project by the National Highways Authority of India (NHAI).

This involves constructing and operating an additional three-lane bridge over the River Ganga, connecting Buxar and Bharauli on National Highway 922 in Uttar Pradesh and Bihar under the hybrid annuity model.