PNC Infratech gains on emerging as L1 bidder for western Bhopal Bypass project
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PNC Infratech is currently trading at Rs. 351.60, up by 8.30 points or 2.42% from its previous closing of Rs. 343.30 on the BSE.
The scrip opened at Rs. 361.95 and has touched a high and low of Rs. 362.40 and Rs. 349.35 respectively. So far 101431 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 387.20 on 18-Sep-2023 and a 52 week low of Rs. 261.15 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 362.40 and Rs. 330.00 respectively. The current market cap of the company is Rs. 9017.35 crore.
The promoters holding in the company stood at 56.07%, while Institutions and Non-Institutions held 38.88% and 5.05% respectively.
PNC Infratech has been declared L1 (First Lowest) bidder in a Madhya Pradesh Road Development Corporation's (MPRDC) highway project namely 'Construction of Western Bhopal Bypass as 4-lane with paved shoulders along with service road starts from km 424.0 of Jabalpur-Bhopal Road (NH-46) and end at km 21.0 of Bhopal-Dewas Road (SH-28) with a Design length of 40.90 km in the State of Madhya Pradesh on Hybrid Annuity Mode (HAM)' on December 18, 2023 for a bid project cost of Rs 1174 crore. Project is to be constructed in 24 months and operated for 15 years, post construction.
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.
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