PNC Infratech has been declared the lowest (L1) bidder for a National Highways Authority of India (NHAI) project of 60.22 km long four laning of Jagdishpur-Faizabad section of NH 330-A from km 47.800 to 108.020 in Uttar Pradesh under Bharatmala Pariyojna to be executed on Hybrid Annuity Mode (HAM) for a bid project cost of Rs 15.30 billion. Three firms participated in the bidding with PNC's bid being the lowest (L1). The project is to be constructed in 24 months and operated for 15 years post construction.