PNC Infratech surges on handing over `EPE user fee collection mandate` to NCR Eastern Peripheral Expressway
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
PNC Infratech is currently trading at Rs. 261.90, up by 8.35 points or 3.29% from its previous closing of Rs. 253.55 on the BSE.
The scrip opened at Rs. 251.10 and has touched a high and low of Rs. 263.75 and Rs. 251.10 respectively. So far 6049 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 337.70 on 16-Nov-2021 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. 263.75 and Rs. 251.50 respectively. The current market cap of the company is Rs. 6721.33 crore.
The promoters holding in the company stood at 56.07%, while Institutions and Non-Institutions held 38.87% and 5.07% respectively.
PNC Infratech has handed over ‘EPE User Fee Collection Mandate’ to NCR Eastern Peripheral Expressway, TOT Concessionaire selected by National Highways Authority of India (NHAI). The project has been handed over to TOT Concessionaire as advised by NHAI. NHAI had awarded the mandate of ‘Collection of User Fee at 135 km long Eastern Peripheral Expressway (EPE) Fee Plazas (National Highway No. NE II) in the States of Haryana and Uttar Pradesh for One Year’ (Project) to PNC Infratech with effect from January 1, 2022.
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.
