PNC Infratech receives LOA from NHAI for 2 EPC Projects of Delhi - Vadodara Alignment of Eight Lane Access Controlled Greenfield Expressway

PNC Infratech Limited informs receipt of Letters of Acceptance (LOA) for the following 2 EPC Projects from National Highways Authority of India (NHAI) for an aggregate contract value of Rs. 1547.80 crore, on 23.07.2020.

- Construction of Eight Lane Access Controlled Expressway starting from Junction with NH-47 near Bhamaiya village and ending at Junction with SH-175 in Baletiya village in Panchmahal District (Ch. 780+920 to 803+420; design Ch. 328+500 to Ch. 351+000) section of Delhi - Vadodara Greenfield Alignment (NH-148N) on EPC mode under Bharatmala Pariyojana in the State of Gujarat, for a contract value of Rs. 758.40 crore, with a completion time of 24 months.

- Construction of Eight Lane Access Controlled expressway starting from junction with SH-63 near Pratap Nagar village and ending at junction with NH-1 near Dodka village of Vadodara District (Ch. 824+920 to Ch. 844+382; Design Ch. 372+500 to Ch. 391+962) section of Delhi - Vadodara Greenfield Alignment (NH-148N) on EPC Mode under Bharatmala Pariyojana in the State of Gujarat, for a contract value of Rs. 789.40 crore, with a completion time of 24 months.

Bids for the above EPC Projects were submitted by the Company on 11.01.2020.

Shares of PNC Infratech Ltd was last trading in BSE at Rs.139.95 as compared to the previous close of Rs. 139.1. The total number of shares traded during the day was 2579 in over 97 trades.

The stock hit an intraday high of Rs. 141.75 and intraday low of 139.15. The net turnover during the day was Rs. 362230.

Source : Equity Bulls

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