Enter the first few characters of Company and click 'Go'

PNC Infratech Ltd. Company History and Annual Growth Details

The Company was incorporated as ÂPNC Construction Company Private LimitedÂ on August 9, 1999 under the Companies Act 1956, with the Registrar of Companies, Uttar Pradesh at Kanpur. Pursuant to a resolution of the shareholders dated January 15, 2001, the Company was converted to a public limited company, and accordingly The name was changed to ÂPNC Construction Company LimitedÂ and a fresh certificate of incorporation consequent upon change of name on conversion to public limited company was issued by the Registrar of
Companies, Uttar Pradesh at Kanpur on February 12, 2001. Pursuant to a resolution of the shareholders dated July 14, 2007, the name was changed to ÂPNC Infratech LimitedÂ and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Uttar Pradesh and Uttaranchal on August 2, 2007. The name was changed to reflect the shift in the CompanyÂs focus from basic construction activities to high-tech construction activities such as construction of airport runways, bridges and to make the name of the Company commensurate with its main objects. On September 30, 2009, the Company Law Board approved change in location of the Registered Office from Uttar Pradesh to Delhi, with effect from November 1, 2009, and a certificate of registration of the order of the Company Law Board was issued by the RoC on November 12, 2009. For further information on changes in the Registered Office of the Company, Prior to incorporating the Company, Mr. Pradeep Kumar Jain, the Chairman and Managing Director and one of the Promoters, was engaged in the business of providing integrated construction services for infrastructure sector through PNC Construction Company, a sole proprietorship firm located at Agra, which had been in existence since 1989. In 2000 and 2001, the Company acquired the business of the sole proprietorship firm from Mr. Pradeep Kumar Jain, in consideration for Equity Shares of the Company.

Major Events

1999
- The Company was incorporated as ÂPNC Construction Company Private LimitedÂ

2001
- Received ÂSuper SpecialÂ class certification from Military Engineer Services

- Executed the first project with the NHAI, being the four-laning road project of the Agra-Gwalior section of National Highway 3 in Uttar Pradesh, independently

2003
- Bonus received from the NHAI for completion of project before the scheduled time of the fourlaning road project of the Agra-Gwalior section of National Highway 3 in Uttar Pradesh, independently.

2004
- Received certification of ISO 9001:2000

2005
- Executed first international airport runway project for the AAI at Kolkata

2006
- Total revenue crossed Rs. 1,500 million

2007
- Awarded BOT road project by MPRDCL, Madhya Pradesh executed through the joint venture, JNTRCPL

2008
- Entered into the business of setting up power transmission lines with the construction project of approximately 350 kilometers of 132/220 kilovolt lines on a turn-key basis, excluding supply of towers, conductors and earth-wires for the Uttar Pradesh Power Transmission Corporation Limited

2009

- Total revenue crossed Rs. 5,000 million

- Awarded bid contract in respect of improvement of Gurgaon-Nuh-Rajasthan Border (State Highway 13) by four laning, widening, strengthening, providing, drains, widening or bridges and culverts, retaining of structures and other miscellaneous work by the Haryana State Roads and Bridges Development Corporation Limited, the single largest project awarded to the Company in terms of value, amounting to Rs. 3,380 million

2010

- Received certification of ISO 9001:2008

- Awarded the first independent road project on a BOT basis, in respect of Gwalior-Bhind Madhya Pradesh/Uttar Pradesh Border Road two-laning project through two sections on National Highway 92, which is being undertaken independently by the Company

- Awarded road project of two laning with paved shoulders of Kanpur Kabrai section of National Highway 86 in Uttar Pradesh

- Awarded project of construction of 132 KV S/C and 220 KV D/C Lines in Uttar Pradesh

2011

- Received an investment of Rs.1,500 million from NYLIM JB, through subscription to 5,686,833 Equity Shares of the Company.

- Executed work of four-laning of Jaora-Nayagaon section on State Highway 31 in Madhya Pradesh

2012

- Awarded project of two laning with paved shoulders of Raebareli to Jaunpur Section of National Highway 231 in Uttar Pradesh under NHDP IV.

- Executed work of construction of road-over bridge at kilometer 13 on Ajmer Beawer Road, Old National Highway, including approaches at railway/kilometer 306/8-9 on Ajmer Saradhana Section Awarded the project of construction of Hamipur Kalpi road (State Highway 91) four-lane under Rajya Yojna Samanya Year 2013-2014 in Uttar Pradesh

- Awarded the project of resurfacing of runway at Air Force Station, Gorakhpur

2013

- Awarded and commenced collection of tolls in respect of first project on OMT basis, the operation and maintenance of Kanpur-Lucknow section of National Highway 25, Lucknow bypass of National Highway 56A and National Highway 56B and Lucknow-Ayodhya section of N 28 in Uttar Pradesh
on OMT basis by the NHAI for a period of nine years from August 2013.

2014

- Executed work of redevelopment and management of Narela Industrial Estate.

2015
- PNC Infratech Limited commences toll operations on Kanpur-Kabrai section of National Highway-86

2016
-PNC Infratech bags EPC project worth Rs 868 cr
-PNC Infratech Limited receives letter of acceptance for PWD road project in UP".
-PNC Infra receives LOA for construction project in UP
-PNC Infra bags highway project in Uttarakhand
-PNC Infratech bags Highway EPC Project of Rs. 1155 crores; order book hits at all-time high over Rs.5,400 crores".
-PNC Infratech gets order worth Rs 881 cr
-PNC Infratech bags Rs.233 cr road project in UP
-NHAI awards Rs 820 cr contract to PNC Infratech

2017
-PNC Infratech achieves financial closure for Karnataka project.
-PNC Infratech bags Rs 2,720 cr road proj from NHAI in UP.

2018
-PNC Infratech bags LOA from MSRDC.
-"PNC Infratech Bags a new Hybrid Annuity Highway Project of Rs. 1157.0 crore".
-PNC Infra gets Rs.34cr bonus for early completion of highway project in UP.
-PNC Infra gets Rs.60cr bonus for early completion of road project.

2019
-PNC Infratech gets National Highway EPC Project worth Rs. 1062 crore.
-PNC Infratech gets Rs. 145.27 cr towards arbitration award in a NH Project.

2020
-PNC Infratech receives Letter of Acceptance for an EPC project from the State Water Supply & Sanitation Mission.
-PNC Infratech secures Rs 952 cr drinking water supply project in UP.
-PNC Infratech Joint Venture with SPML Infra Limited bags Water Supply Project.

2021
-PNC Infratech has received EPC projects from National Highways Authority of India.

2022
- PNC lnfratech arms achieve financial closure for two HAM projects.
-PNC Infratech Limited has informed the Exchange regarding ''Receipt of Rs. 3.65 crore towards an arbitration award''.
-PNC Infratech gains on signing concession agreement with NHAI for Rs 1,458-cr project.
-PNC Infratech signs concession agreement for Hardoi Highway project in UP.

2023

-PNC Infratech has been declared the L1 (lowest) bidder for two Highway Projects of NHAI with an aggregate bid project cost of Rs. 2004.43 crore.

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article