The National Highways Authority of India has banned PNC Infratech from future projects for three years. This action follows major defects and premature failures on the Kanpur-Lucknow Expressway. The company disclosed this debarment in a regulatory filing, causing its shares to fall. Investigations revealed weak soil as a primary cause for the expressway’s structural issues. Toll collection remains suspended, and PNC Infratech faces compensation demands for lost revenue.
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