PNC Infratech Ltd receives LoA for Three New Rural Drinking Water Supply Projects on EPC mode

PNC Infratech Limited in Joint Venture with SPML Infra Limited, announces receipt of Letters of Award (LOA) for three (3) new EPC Projects namely "Survey, Design, Preparation of DPR, Construction, Commissioning and O&M for 10 years of Rural Water Supply" for a total village of 2475 in the following districts of Uttar Pradesh from the State Water Supply & Sanitation Mission, Namami Gange & Rural Water Supply Department, Government of Uttar Pradesh:

Bareilly - Badaun district - (939 villages)
Aligarh - Aligarh district - (748 villages)
Ayodhya - Barabanki district - (650 villages)

Approximate aggregate value of the above three projects is Rs. 2337.0 crores and, specific value will be known at the time of execution of agreements, after preparation and approval of Detailed Project Reports.

Projects are to be constructed in 12 months upon signing of the agreements and operated for 10 years, post commissioning. The Company's (PNC Infratech) share in the JV is 90%.

Shares of PNC Infratech Limited was last trading in BSE at Rs. 278.20 as compared to the previous close of Rs. 277.50. The total number of shares traded during the day was 28141 in over 1799 trades.

The stock hit an intraday high of Rs. 288.35 and intraday low of 273.50. The net turnover during the day was Rs. 7901915.00.

Source : Equity Bulls

Keywords

PNCInfratech INE195J01029 LoA ThreeEPCProjects