Expressway defects trigger 3-year NHAI ban, tolling suspended, Rs 42L penalty daily
The National Highways Authority of India (NHAI) banned PNC Infratech from bidding on projects for three years after major defects were found in the Kanpur-Lucknow Expressway. This unprecedented action includes a full suspension of tolling and a daily penalty of ₹42 lakh. The fallout has already caused PNC Infratech’s shares to drop by 20%.