PNC Infratech soars on signing `Contract Agreement` with Haryana Orbital Rail Corporation
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PNC Infratech is currently trading at Rs. 314.20, up by 10.05 points or 3.30% from its previous closing of Rs. 304.15 on the BSE.
The scrip opened at Rs. 307.05 and has touched a high and low of Rs. 318.05 and Rs. 307.05 respectively. So far 32906 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. 318.05 and Rs. 279.55 respectively. The current market cap of the company is Rs. 7802.64 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 signed a ‘Contract Agreement’ with Haryana Orbital Rail Corporation (HORCL) for implementation of the Engineering, Procurement, Construction (EPC) Project on May 5, 2023 at Gurgaon. The project is for Design and Construction of Civil Works (Earthwork, Bridges, Station Buildings, Retaining Walls and other miscellaneous Works) from km 29.68 to 49.70 and from km 55.60 to 61.50 and its connectivity to Indian Railways network from New Patli to Patli Station and New Patli to Sultanpur Station including modifications/civil works at Sultanpur Station in connection with laying of a New BG Double Railway Line of HORC. The project is to be executed in 30 months and the contract value is Rs 771.46 crore.
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.
