India-based construction firm PNC Infratech has won a contract worth INR21.59bn ($332.1m) to build a highway project in India.
The company was selected as the lowest bidder for the National Highways Authority of India (NHAI) project.
NHAI operates as an autonomous agency of the government of India, and is responsible for management of a network of over 70,000km of national highways in the country.
Under the contract, PNC Infratech will construct 145km long six-lane highway of Chakeri to Allahabad section of NH-2 in the state of Uttar Pradesh.
The road will be constructed under NHDP Phase-V, which will be executed on Hybrid Annuity Mode.
The latest contract marks the fifth hybrid annuity project won by PNC having construction period of two and a half years and operation for a period of 15 years.