PNC Infratech was incorporated as ‘PNC Construction Company Private Limited’ on August 9, 1999 under the Companies Act, 1956 (“Companies Act 1956”), with the Registrar of Companies, Uttar Pradesh at Kanpur. Pursuant to conversion of the company to a public limited company, its name was changed to ‘PNC Construction Company Limited’ 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. Subsequently, the name was changed to ‘PNC Infratech Limited’ 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. On September 30, 2009, the Company Law Board approved change in location of its 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 Registrar of Companies, National Capital Territory of Delhi and Haryana (the RoC) on November 12, 2009.

It is an Indian infrastructure construction, development and management company, with expertise in the execution of major infrastructure projects, including highways, bridges, flyovers, power transmission lines, airport runways, development of industrial areas and other infrastructure activities. It provides EPC services on a fixed-sum turnkey basis as well as on an item rate basis for various infrastructure projects. It also executes projects on a BOT (including on a DBFOT basis), operate them during the concession period on toll or annuity basis and subsequently transfer the projects. In 2013, it entered into a project on an OMT model as well.

The company has executed or is executing projects across various states in India covering Rajasthan, Punjab, Haryana, Uttarakhand, Uttar Pradesh, Delhi, Bihar, West Bengal, Assam, Madhya Pradesh, Maharashtra, Karnataka and Tamil Nadu. The company has executed 42 major infrastructure projects on an EPC basis, acquiring experience particularly in the timely execution of EPC contracts since its incorporation. Further, prior to the incorporation of the company, Pradeep Kumar Jain, Chairman and Managing Director and one of its Promoters, provided integrated construction services for infrastructure sector through PNC Construction Company, a sole proprietorship firm, since 1989, the business of which was acquired by the company. In 2011, NYLIM JB acquired a stake in the company and currently holds 14.29% of the pre-Offer capital of it.

While it executes majority of its projects independently, it also form project specific joint ventures and consortiums with other infrastructure and construction companies, in particular, when a project requires it to meet specific eligibility requirements in relation to certain large projects, including requirements relating to particular types of experience and financial resources, it enters into such joint ventures or consortiums with other infrastructure and construction companies. Out of the 42 major infrastructure projects on an EPC basis executed by the company since incorporation, 38 infrastructure projects have been executed on an EPC basis independently by it.

Business area of the company

The company has an established track record in executing large construction projects particularly in the roads and highways and airport runways sectors. Additionally, it has also completed re-development of an industrial area at Narela, New Delhi and is currently undertaking a power transmission line project and also construction work for a double track electrified railway line as a part of the Dedicated Eastern Freight Corridor. It undertakes these projects as an EPC contractor as well as through public-private partnership model, particularly on a BOT basis. The scope of its services for such projects primarily include design and engineering of the project, procurement of equipment and packages, project management and commissioning of these projects.

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