PNC Infratech Bags a new Hybrid Annuity Highway Project of value Rs.885 crore

PNC Infratech Limited has been declared the L1 (lowest) bidder for a NHAI Project of 32.98 km long, four laning of Mathura Bypass to Gaju Village section of NH 530B in the State of Uttar Pradesh, to be executed on Hybrid Annuity Mode for a Bid Project Cost of Rs. 885.0 crore.

The price bids were opened on Friday, February 25, 2022, with PNC’s bid being the lowest (L1).

The Project is to be constructed in 24 months and operated for 15 years post construction.

Shares of PNC Infratech Limited was last trading in BSE at Rs. 260.85 as compared to the previous close of Rs. 272.60. The total number of shares traded during the day was 40769 in over 1524 trades.

The stock hit an intraday high of Rs. 269.05 and intraday low of 250.85. The net turnover during the day was Rs. 10662717.00.

Source : Equity Bulls

Keywords

PNCInfratech INE195J01029 L1Bidder NHAIProject