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| Exchange Received Time 13/12/2017 14:37:28 Exchange Disseminated Time 13/12/2017 14:37:32 Time Taken 00:00:04 | PNC Infratech Limited announces the receipt of letter dated December 12, 2017 from National Highways Authority of India regarding the achievement of Financial Closure on November 07, 2017 for the project of 'Six-Laning of Chitradurga - Davanagere including Chitradurga bypass (km 189+000 to km 260+000) (Design Chainage Km 0+000 to Km 20+700 & Km 208+000 to Km 260+000) of NH-48 (Old NH-4) in the state of Karnataka to be executed on Hybrid Annuity Mode under NHDP Phase-V'.
This Project is being implemented by PNC Chitradurga Highways Private Limited, a Special Purpose Vehicle incorporated by the Company.
With the achievement of Financial Closure for the above project, the Company has achieved financial closures for all the four hybrid annuity highway projects before the scheduled time, awarded to the Company till date for which the concession agreements have been executed.
This is for your kind information.
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