PNC Infratech soars on emerging as Lowest Bidder for Development of Lal Bahadur Shastri Internation Airport Varanasi
PNC Infratech is currently trading at Rs. 311.50, up by 7.60 points or 2.50% from its previous closing of Rs. 303.90 on the BSE.
The scrip opened at Rs. 312.95 and has touched a high and low of Rs. 314.60 and Rs. 308.80 respectively. So far 41588 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 470.40 on 16-Oct-2024 and a 52 week low of Rs. 235.70 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 314.60 and Rs. 295.25 respectively. The current market cap of the company is Rs. 8016.85 crore.
The promoters holding in the company stood at 56.07%, while Institutions and Non-Institutions held 33.03% and 10.90% respectively.
PNC Infratech has emerged as the Lowest (L1) Bidder in a tender floated by Airports Authority of India (AAI) for Development of Lal Bahadur Shastri Internation Airport Varanasi. The project comprising Extension of Runway along with re-carpeting and strengthening of existing runway and allied works for a quoted amount of Rs 297.01 crore exclusive of GST. The said project is expected to be completed in 18 months.
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.
