PNC Infratech Limited received Rs. 82.68 crore early completion bonus for Purvanchal Expressway Package V

PNC Infratech Limited announced the receipt of Rs. 82,68,48,000/-towards bonus for early completion of one of its EPC projects namely "Development of Purvanchal Expressway (Package V) from Sansarpur (Dist. Sultanpur) to Gobindpur (Dist. Azamgarh) Km. 164+300 to Km. 218+300, in the state of Uttar Pradesh" from Uttar PradeshExpressways Industrial Development Authority (UPEIDA), Authority for the project, on 16.3.2022.

The project has been completed on 26.10.2021, one hundred thirty-two (132) days ahead of the Scheduled Completion Date. Accordingly, bonus @ 0.04% of the contract price (Rs. 1566.00 crore), for each day of early completion, received by the Company in terms of the contract agreement.

Shares of PNC Infratech Limited was last trading in BSE at Rs. 245.10 as compared to the previous close of Rs. 246.15. The total number of shares traded during the day was 37616 in over 1673 trades.

The stock hit an intraday high of Rs. 252.00 and intraday low of 244.40. The net turnover during the day was Rs. 9340385.00.

Source : Equity Bulls

Keywords

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