PNC Infratech established a wholly-owned subsidiary (WOS) business called “Varanasi-Kolkata Highway - Package II” as a special purpose vehicle (SPV) to carry out a project that the National Highways Authority of India (NHAI) had approved. The BharatmalaPariyojana in Bihar is funding the construction of a greenfield, sixlane Varanasi-Ranchi-Kolkata highway.