Powered by: Motilal Oswal
16/11/2022 12:11:22 PM | Source: Accord Fintech
PNC Infratech surges on handing over `EPE user fee collection mandate` to NCR Eastern Peripheral Expressway
News By Tags | #309 #8659 #2000 #3233 #572
PNC Infratech surges on handing over `EPE user fee collection mandate` to NCR Eastern Peripheral Expressway

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.

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here