PNC Infratech has received Letters of Intent (LoI) from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) on July 19, 2018 for the following two contiguous EPC packages of Lucknow-Ghazipur Six Lane Access Controlled Purvanchal Expressway Project in the state of Uttar Pradesh for an aggregate contract value of Rs 25.20 billion.

The price bids for the above packages were opened on July 9, 2018, with the company's bids being the lowest (L1). Construction of each package is to be completed in 36 months.

Shares of the company gained Rs 0.10, or 0.07%, to trade at Rs 146.95. The total volume of shares traded was 3,778 at the BSE (3.35 p.m., Friday).