PNC Infratech Bags a new Hybrid Annuity Highway Project of value Rs. 1575 Crore

PNC Infratech Limited has been declared as the L1 (lowest) bidder for a NHAI Project of "Construction of 6 Lane with Access Controlled Greenfield Highway from km 26.000 to km 97.000, MH/KN Border (Badadal) to Maradgi S Andola section of NH - 150C (Package-II of Akkalkot to KN/TS Border section) on Hybrid Annuity Mode", for a Bid Project Cost of Rs. 1575.0 Crore. The price bids were opened on Tuesday, March 29, 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. 242.15 as compared to the previous close of Rs. 244.70. The total number of shares traded during the day was 48935 in over 1758 trades.

The stock hit an intraday high of Rs. 246.70 and intraday low of 239.00. The net turnover during the day was Rs. 11854208.00.

Source : Equity Bulls

Keywords

PNCInfratech INE195J01029 L1Bidder NHAIProject HAM OrderWin