PNC has been recently declared lowest bidder (L1) in two big-ticket hybrid annuity (HAM) projects from NHAI worth | 2720 crore. It consists of four laning of two sections of Jhansi-Khajuraho highway in Madhya Pradesh and Uttar Pradesh. With this, the company has won four HAM projects in FY17 worth | 5031 crore, thereby boosting its orderbook to ~| 9200 crore, providing strong revenue visibility over the next few years. It has also achieved financial closure for Dausa-Kauthun project worth | 881 crore. The company foresees strong opportunities in the road sector and...