PNC Infratech soars on emerging as lowest bidder for project worth Rs 2090.59 crore
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PNC Infratech is currently trading at Rs. 443.15, up by 14.30 points or 3.33% from its previous closing of Rs. 428.85 on the BSE.
The scrip opened at Rs. 451.15 and has touched a high and low of Rs. 458.80 and Rs. 443.00 respectively. So far 122143 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. 458.80 and Rs. 412.90 respectively. The current market cap of the company is Rs. 11448.06 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 EPC project on item rate percentage namely ‘Integrated Infrastructure Development of 20M & above wide Roads, Construction of Various Major & Minor Structures (Viz Flyover, Minor Bridges, VUPS, PUPS etc.) and Allied Electrical Works (Street Light) in TPS -8, 9 and TPS-12 under NAINA Project’ for a quoted price of Rs 2090.59 crore.
The Engineering, Procurement and Construction (EPC) project on item rate percentage is awarded to the PNC Infratech in jointly with the Company namely Aakshya Infra Projects, from City & industrial Development Corporation of Maharashtra (CIDCO).
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.
