PNC Infratech bags a new EPC Project of value Rs. 771.46 Crore

PNC Infratech Limited has been declared the L1 (lowest) bidder for a project of "Design and Construction of Civil Works (Earthwork, Bridges, Station Buildings, Retaining Walls and other miscellaneous Works) from km 29.68 to 49.70 and from km 55.60 to 61.50 and its connectivity to Indian Railways network from New Patli to Patli Station and New Patli to Sultanpur Station including modifications/civil works at Sultanpur Station in connection with laying of New BG Double Railway Line of HORC Project" of Haryana Orbital Rail Corporation Limited (Authority) for a quoted price of Rs. 771.46 Crore.

The price bids were opened on Tuesday, February 28, 2023, with PNC's bid being the lowest (L1). The Project is to be constructed in 30 months.

Shares of PNC Infratech Limited was last trading in BSE at Rs. 274.10 as compared to the previous close of Rs. 284.00. The total number of shares traded during the day was 42175 in over 1983 trades.

The stock hit an intraday high of Rs. 288.60 and intraday low of 270.30. The net turnover during the day was Rs. 11604027.00.

Source : Equity Bulls

Keywords

PNCInfratech INE195J01029 L1Bidder OrderWin