PNC Infratech jumps on bagging new hybrid annuity highway project for Rs 738 crore
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PNC Infratech is currently trading at Rs. 246.60, up by 2.60 points or 1.07% from its previous closing of Rs. 244.00 on the BSE.
The scrip opened at Rs. 245.80 and has touched a high and low of Rs. 250.45 and Rs. 239.60 respectively. So far 33502 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 395.55 on 13-Oct-2021 and a 52 week low of Rs. 217.50 on 06-May-2021.
Last one week high and low of the scrip stood at Rs. 250.45 and Rs. 233.05 respectively. The current market cap of the company is Rs. 6336.52 crore.
The promoters holding in the company stood at 56.07%, while Institutions and Non-Institutions held 39.80% and 4.13% respectively.
PNC Infratech has been declared the L1 (lowest) bidder for a NHAI Project of Four Laning of NH 530B from Gaju Village km 32.982, (Mathura - Aligarh District Boundary) to Devinagar Bypass (End) Km. 66.000 of SH 33 (NH530B) in the State of Uttar Pradesh on Hybrid Annuity Mode, for a bid project cost of Rs 738 crore. The price bids were opened on March 14, 2022, with PNC’s bid being the lowest (L1). The project is to be constructed in 24 months and operated for 15 years post construction.
PNC Infratech is an infrastructure construction, development and management company, with expertise in execution of major infrastructure projects, including highways, bridges, flyovers, airport runways, power transmission lines, development of industrial areas and other infrastructure activities.
