PNC Infratech rises on emerging as L1 bidder for highway cum bridge project
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PNC Infratech is currently trading at Rs. 462.00, up by 3.65 points or 0.80% from its previous closing of Rs. 458.35 on the BSE.
The scrip opened at Rs. 471.65 and has touched a high and low of Rs. 472.00 and Rs. 459.90 respectively. So far 64808 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 574.50 on 27-May-2024 and a 52 week low of Rs. 310.05 on 09-Nov-2023.
Last one week high and low of the scrip stood at Rs. 474.20 and Rs. 457.95 respectively. The current market cap of the company is Rs. 11858.52 crore.
The promoters holding in the company stood at 56.07%, while Institutions and Non-Institutions held 37.19% and 6.74% respectively.
PNC Infratech has been declared L1 (First Lowest) bidder in a highway cum bridge project namely ‘Construction of additional 3-Lane Bridge over River Ganga for connection between Buxar and Bharauli on NH-922 in the State of Uttar Pradesh and Bihar on Hybrid Annuity Mode (HAM)’on August 27, 2024 for a bid project cost of Rs 380.0 crore. The project is to be constructed in 910 days 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.
