PNC Infratech rises on emerging as L1 bidder for highway project in UP
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PNC Infratech is currently trading at Rs. 264.40, up by 3.55 points or 1.36% from its previous closing of Rs. 260.85 on the BSE.
The scrip opened at Rs. 260.85 and has touched a high and low of Rs. 274.90 and Rs. 258.05 respectively. So far 47571 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. 277.20 and Rs. 242.85 respectively. The current market cap of the company is Rs. 6771.35 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 as L1 (lowest) bidder for a NHAI (National Highways Authority of India) Project of 32.98 km long, four laning of Mathura Bypass to Gaju Village section of NH 530B in the state of Uttar Pradesh, to be executed on hybrid annuity mode for a bid project cost of Rs 885 crore. 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.
