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PNC Infratech bags Two EPC Packages of Purvanchal Expressway for Rs.2520 crore

Posted On: 2018-07-09 17:22:40

PNC Infratech Limited has been declared the L1 (lowest) bidder in the following two contiguous packages of Lucknow - Ghazipur Six Lane Access Controlled Purvanchal Expressway Project in the state of Uttar Pradesh for an aggregate quoted value of Rs. 2520.00 crore.

The price bids were opened on Monday, July 9, 2018, with PNC's bids being the lowest (L1) in two packages. Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) is the proponent for the 341.0 km long Green Field Expressway comprising eight individual packages.

The Construction of each package is to be completed in 36 months on EPC mode.

Shares of PNC Infratech Ltd was last trading in BSE at Rs.153.55 as compared to the previous close of Rs. 141.3. The total number of shares traded during the day was 11315 in over 323 trades.

The stock hit an intraday high of Rs. 154.25 and intraday low of 143.05. The net turnover during the day was Rs. 1664982.


Source: Equity Bulls

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