PNC Infratech rises on incorporating wholly owned subsidiary
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PNC Infratech is currently trading at Rs. 312.00, up by 5.40 points or 1.76% from its previous closing of Rs. 306.60 on the BSE.
The scrip opened at Rs. 309.95 and has touched a high and low of Rs. 315.30 and Rs. 307.25 respectively. So far 31582 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. 315.30 and Rs. 279.55 respectively. The current market cap of the company is Rs. 8075.85 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 incorporated a wholly owned subsidiary company in the name and style of ‘Varanasi Kolkata Highway Package 6’ as a Special Purpose Vehicle (SPV) to implement a highway project awarded by National Highways Authority of India (NHAI).
The company has incorporated wholly-owned subsidiary on May 04, 2023.
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.
