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Shares of PNC Infratech may remain in focus as the Uttar Pradesh government cancelled the expressway bid. The company on Friday said the UP government has decided to reinvite bids for Purvanchal Expressway and cancelled the company’s ₹1,738.44-crore offer made earlier on engineering, procurement and construction (EPC) basis. The company was declared the lowest bidder for the fourth package of the project. Shareholders will closely monitor the development.
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