PNC Infratech Bags a new Hybrid Annuity Highway Project of value Rs. 864.0 Crore

PNC Infratech Limited has been declared the L1 (lowest) bidder for a NHAI Project of 'Improvement and up-gradation of 54.429 km long to 4-lane with Paved Shoulders, from km 174.641 to 229.070 of NH-731 in Hardoi District of Uttar Pradesh on Hybrid Annuity Mode, for a Bid Project Cost of Rs. 864.0 Crore. The price bids were opened on Friday, March 09, 2022, with PNC's bid being the lowest (L1).

The Project is to be constructed in 30 months and operated for 15 years post construction.

Shares of PNC Infratech Limited was last trading in BSE at Rs. 239.60 as compared to the previous close of Rs. 240.30. The total number of shares traded during the day was 38346 in over 1591 trades.

The stock hit an intraday high of Rs. 248.00 and intraday low of 233.05. The net turnover during the day was Rs. 9163423.00.

Source : Equity Bulls

Keywords

PNCInfratech INE195J01029 OrderWin L1Biddger NHAIproject