PNC Infratech rises on getting LoA from MPPWD
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PNC Infratech is currently trading at Rs. 454.35, up by 7.25 points or 1.62% from its previous closing of Rs. 447.10 on the BSE.
The scrip opened at Rs. 455.90 and has touched a high and low of Rs. 468.70 and Rs. 453.40 respectively. So far 78479 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 468.70 on 27-Feb-2024 and a 52 week low of Rs. 261.25 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 468.70 and Rs. 405.00 respectively. The current market cap of the company is Rs. 11763.60 crore.
The promoters holding in the company stood at 56.07%, while Institutions and Non-Institutions held 38.22% and 5.72% respectively.
PNC Infratech has received Letter of Acceptance (LoA) from Madhya Pradesh Public Works Department (MPPWD) through Office of Chief Engineer, PWD Bridge Zone (Authority) on February 26, 2024 for the Project of Construction of Four Lane Elevated Corridor/Flyover from Maharani Laxmibai Pratima to A.B. Road (N.H. 46) Near Girwai Police Chouki on Swarn Rekha River in Gwalior City (2nd phase) in the state of Madhya Pradesh on EPC Mode. Broad Consideration or size of the order is Rs 699 crore along with GST as applicable. The said order is expected to be completed in 36 months (including rainy season).
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.
