03-06-2023 10:28 AM | Source: Accord Fintech
PNC Infratech shines on getting Provisional Certificate from NHAI
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PNC Infratech is currently trading at Rs. 287.25, up by 4.50 points or 1.59% from its previous closing of Rs. 282.75 on the BSE.

The scrip opened at Rs. 287.80 and has touched a high and low of Rs. 287.80 and Rs. 281.85 respectively. So far 14411 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. 295.00 and Rs. 269.90 respectively. The current market cap of the company is Rs. 7312.65 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 Certificate’ for one of the national highway projects of National Highways Authority of India (NHAI/Authority) implemented by its’ subsidiary company PNC Triveni Sangam (Concessionaire), namely 6-laning of Chakeri to Allahabad section of NH-2 from km 483.687 to km 628.753 in the state of Uttar Pradesh under NHPD Phase-V on Hybrid Annuity Mode (HAM) for completed length of 119.788 km out of total project length of 145.066 km with effect from March 1, 2023 from the Independent Engineer (SA Infrastructure Consultants) on March 3, 2023.

The Appointed Date for the Project was January 12, 2019 with 910 days scheduled construction period and 15 years operation period, post completion. The Independent Engineer recommended the required extension of time for completion of the Project. 

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.