PNC Infratech Limited, SPML Infra JV bags Water Supply Project

PNC Infratech Limited in Joint Venture with SPML Infra Limited has been declared as the L1 (lowest) bidder for "Construction of Haraulipur Group of Villages (125 Nos) Water Supply Project comprising surface and ground water supply schemes and allied works including commissioning; operation and maintenance for 10 years in the Hamirpur district of Uttar Pradesh" for Rs. 289.83 crore. PNC Infratech's share in the JV is 95%. Four firms participated in the bidding and price bids were opened on Monday, 7 th September, 2020 in Lucknow`, with PNC JV's bid being the lowest (L1).

State Water Supply & Sanitation Mission, Commissioner of Rural Development, Government of Uttar Pradesh is the Authority for the Project.

The project is to be constructed in 2 year and operated for 10 years, post commissioning. This is the first project secured by the Company in water supply sector.

Shares of PNC Infratech Ltd was last trading in BSE at Rs.163.05 as compared to the previous close of Rs. 167.8. The total number of shares traded during the day was 28189 in over 1489 trades.

The stock hit an intraday high of Rs. 164.95 and intraday low of 156.05. The net turnover during the day was Rs. 4594861.

Source : Equity Bulls

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