PNC Infratech, in a press release to BSE, has announced receipt of Rs. 37, 01, 52,000/-towards bonus for early completion of one of its EPC projects namely “Development of Purvanchal Expressway (Package VI) from km 218+300 to 246+500, in the state of Uttar Pradesh” from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), Authority for the Project on 20.4.2022.
The project has been completed on 30.11.2021, ninety-seven (97) days ahead of the Scheduled Completion Date. Accordingly, a bonus @ 0.04% of the contract price (Rs. 954.0 crore), for each day of early completion received by the Company, in terms of the contract agreement.
