### **Company Overview** PNC Infratech Limited, incorporated in 1999, is a leading integrated infrastructure solutions provider in India with over **25 years (approaching three decades) of experience** in the construction, development, operation, and management of large-scale infrastructure projects. The company specializes in **roads and highways**, but has strategically diversified into **urban infrastructure, railways, metro rail, renewable energy, water resources, power transmission, coal mining, and industrial area development**. Headquartered in **North India**, PNC Infratech has expanded its operations across **Delhi-NCR, Uttar Pradesh, Uttarakhand, Bihar, Karnataka, Maharashtra, Andhra Pradesh, Madhya Pradesh**, and other states, executing projects in **13+ Indian states**. --- ### **Core Business Model** PNC Infratech follows a **holistic, integrated business model**, managing all stages of the project lifecycle internally — from **conceptualization, planning, and design** to **construction, commissioning, operation, and maintenance**. This vertical integration enables: - Customized client solutions - Enhanced quality control - Timely project delivery - Cost efficiency - Reduced dependence on third parties #### **Key Project Execution Models:** - **EPC** (Engineering, Procurement & Construction) – item-rate and fixed-sum turnkey contracts - **Public-Private Partnerships (PPP)**: - **Hybrid Annuity Model (HAM)** - **BOT (Build-Operate-Transfer)** – Toll & Annuity - **DBFOT (Design-Build-Finance-Operate-Transfer)** - **OMT (Operate-Maintain-Transfer)** The company is among the few Indian firms with proven capabilities across **investment, development, construction, operation, and long-term asset management**. --- ### **Project Portfolio & Execution Capabilities** #### **Project Scale & Capacity** - Capable of independently bidding for and executing **EPC projects valued up to ₹10,000 crore** - With a **gross block of construction equipment exceeding ₹1,300 crore**, PNC can support **annual project execution worth ₹10,000–13,000 crore** - Invested over **₹10,000 crore (equity + debt)** in the highway sector over the past five years #### **Execution Track Record** - **Over 96 major infrastructure projects executed** across India (as of Aug 2025) - **20+ major projects currently underway** - **Completed 66+ road EPC projects**, 21 **airport runway projects**, and multiple **industrial, irrigation, and transmission line** projects - Holds **23 HAM projects** in its portfolio (as of Feb 2025), including 12 operational, 7 under construction, and 4 at various financial closure stages - Operates **4–5 BOT assets** under toll and annuity models across UP, MP, and Delhi #### **Notable Projects** - **Lucknow-Kanpur Expressway**: Pioneered **Automated & Intelligent Machine-Aided Construction** in India using **GPS-guided graders, rollers, and pavers** for unmatched precision and efficiency - **Delhi-Vadodara Expressway**: Set a **world record** by laying **42,666 MT of bituminous mix over 50 km in 100 hours** (recognized by India & Asia Book of Records) - **Srisailam Right Main & Branch Canals (Andhra Pradesh)**: Major irrigation project - **Bihar’s Greenfield Varanasi–Ranchi–Kolkata Highway (HAM)**: Total capital commitment of ~₹28,180 crore - **Rural Drinking Water Supply Projects**: 3,000+ schemes under **Jal Jeevan Mission** across **7 districts in Uttar Pradesh** --- ### **Strategic Focus Areas** #### **1. Geographic Diversification** - Historically **concentrated in Uttar Pradesh**, which accounts for over **two-thirds of its order book**, PNC is **expanding into new states** to mitigate regional concentration risk. - **Significant entry into Maharashtra** with **three new projects valued at over ₹6,000 crore** in FY2024–25 - Presence in **13+ states** including Karnataka, Andhra Pradesh, Gujarat, and Bihar #### **2. Sectoral Diversification** - **Core**: Roads, highways, expressways, bridges, and flyovers (88% of revenue) - **Emerging Sectors** (diversifying into to reduce overdependence): - **Railways & Metro Rail Projects** - **Renewable Energy** (generation & storage) - **Power Transmission & Coal Mining** - **Water Resources**: River-linking, irrigation, groundwater, surface water infrastructure - **Urban Infrastructure & Specialized Buildings** - **Dedicated Freight Corridors** - **Water sector growth driver**: Participation in **Jal Jeevan Mission** is expected to significantly grow order book #### **3. Strategic Alliances & JVs** - Actively forms **project-specific joint ventures, strategic partnerships, and subcontracting arrangements** to enhance execution capability - Examples: PNC **AAKSTIYA JOINT VENTURE PRIVATE LIMITED** (SPV for CIDCO EPC project, incorporated Oct 2024) --- ### **Competitive Strengths** #### **Integrated In-House Capabilities** - **In-house design & engineering** across civil, structural, electrical, mechanical, and instrumentation fields - **Owned and leased quarries** for stone aggregates (major cost component), reducing input cost volatility - **Own fleet of modern construction equipment**, including: - Hot mix plants - Concrete batch plants - Specialized pavers and graders - Rapid **mobilization across geographically proximate sites**, improving efficiency #### **Input Cost Management** - Controls cost volatility through: - Ownership/leasing of **quarries and crushers** - Long-term contracts with **cement and steel suppliers** for favorable pricing - **Cost-escalation clauses** in government contracts to offset price fluctuations #### **Cluster-Based Execution Strategy** - Focus on **strategic clusters**, particularly **Uttar Pradesh**, enables: - Efficient resource utilization - Operational leverage - Improved margins - Competitive bidding advantage --- ### **Financial & Credit Profile** - **Strong Credit Ratings**: - **CARE AA+** for long-term loans - **CARE A1+** for short-term loans - **Stable Outlook** across both - Robust **fund-based and non-fund-based working capital limits**: - Fund-based: ₹1,000 crore - Non-fund-based: ₹5,000 crore - **Disciplined financial management** with consistent debt servicing and prudent use of equity --- ### **Workforce & Organizational Strength** - Employs **over 7,000–10,000 professionals**, including experts in design, engineering, construction, project management, finance, and procurement - Led by experienced professionals such as: - **Mr. Anil Kumar Rao** (Whole-Time Director): Overseeing project planning and execution - **Mr. Yogesh Kumar Jain**: Leading business development, tendering, and project supervision --- ### **Government Partnerships & Pre-Qualifications** - Long-standing relationships with key government agencies: - **NHAI, MoRTH** - **Airports Authority of India (AAI)** - **Military Engineering Services (MES)** – holds **'Super Special' class certification** for large-scale defense and airport projects - **State PWDs**, **DSIIDC**, **CIDCO**, **UP Expressways Authority** - Pre-qualified to bid for **individual infrastructure projects up to ₹10,000 crore** based on technical, financial, and execution credentials