PNC Infratech rises on completing four laning of Koilwar to Bhoipur section of NH-30 & 84
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PNC Infratech is currently trading at Rs. 277.45, up by 0.45 points or 0.16% from its previous closing of Rs. 277.00 on the BSE.
The scrip opened at Rs. 278.00 and has touched a high and low of Rs. 280.55 and Rs. 276.50 respectively. So far 26225 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 354.55 on 03-Feb-2023 and a 52 week low of Rs. 219.35 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 288.45 and Rs. 275.05 respectively. The current market cap of the company is Rs. 7112.55 crore.
The promoters holding in the company stood at 56.07%, while Institutions and Non-Institutions held 38.90% and 5.03% respectively.
PNC Infratech has received the ‘Provisional Completion Certificate for four laning of Koilwar to Bhoipur section of NH-30 & 84 from existing chainage Km. 131.375 of NH-30 to km. 27.370 of NH-84 (Design chainage km. 33.250 to Km.77.100) (Design Length -43.850 Km) in the state of Bihar Under National Highways Development Project (NHDP) Phase -III on Engineering Procurement and Construction (EPC) Mode. The contract price amounting Rs 825.17 crore plus escalation amount as per the contract.
Accordingly, Provisional Completion Certificate dated April 18, 2023 declaring the Project fit for entry into commercial operation with effect from April 18, 2023 has been issued by the Independent Engineer vide his e-mail dated April 19, 2023.
