PNC Infratech zooms on emerging as L1 bidder for two EPC Road Projects of MSRDC
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PNC Infratech is currently trading at Rs. 507.55, up by 50.80 points or 11.12% from its previous closing of Rs. 456.75 on the BSE.
The scrip opened at Rs. 475.70 and has touched a high and low of Rs. 512.40 and Rs. 475.00 respectively. So far 234317 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 512.40 on 22-May-2024 and a 52 week low of Rs. 303.45 on 29-May-2023.
Last one week high and low of the scrip stood at Rs. 512.40 and Rs. 424.75 respectively. The current market cap of the company is Rs. 13042.45 crore.
The promoters holding in the company stood at 56.07%, while Institutions and Non-Institutions held 38.81% and 5.13% respectively.
PNC Infratech has been declared L1 (First Lowest) bidder for two EPC Road Projects of Maharashtra State Road Development Corporation (MSRDC) for an aggregate quoted price of Rs 4994.0 crore.
The first project is for Construction of Access Controlled Pune Ring Road in Pune District Package PRR E2 from Indori Km 12+500 To Chimbali Km 26+300 (Length: 13.800 Km) in the State of Maharashtra on EPC Mode. The bid project cost is Rs 2486 crore. The construction period is 30 months.
The second project is for Construction of Access Controlled Expressway Connector to Hindu Hrudaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg from Jalna to Nanded in the State of Maharashtra on EPC Mode: Package JNE-04 from Kumbhari Km 98+945, to Katneshwar Km 127+840, in District Parbhani (Length: 28.895 Km). The bid project cost is Rs 2508 crore. The construction period is 30 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.
