business ποΈ Controversial company bags huge new highway contracts
PNC Infratech secured two NHAI concession agreements totaling Rs 3,483 crore for NH-927 projects in Uttar Pradesh. This follows scrutiny over the Kanpur-Lucknow Expressway, where parts showed severe damage shortly after opening. The contracts were signed on July 16, 2026, for the Barabanki-Mustafabad and Mustafabad-Biswan four-lane highways. The company is already facing CBI investigation over a bribery case and potential blacklisting by NHAI. This move raises serious questions regarding contract awarding amid ongoing regulatory issues. π§