PNC Infratech Bags 2 new Hybrid Annuity Highway Projects for a total Bid Project Cost of Rs. 2004.43 Crore

PNC Infratech Limited has been declared the L1 (lowest) bidder for two Highway Projects of NHAI, with an aggregate Bid Project Cost of Rs. 2004.43 Crore. Price bids were opened on Thursday, March 9, 2023, with PNC's bids being lowest (L1).

Construction of 6-lane Greenfield Varanasi - Ranchi - Kolkata Highway from junction with Chandauli - Chainpur Road near Khainti village to junction with Bhabhua - Adhaura road near Palka village for 27.0 km length (from km 27+000 to km 54+000) under Bharatmala Pariyojana in the state of Bihar on Hybrid Annuity Mode - Package 2 - Rs. 891 crore.

Construction of 6-lane Greenfield Varanasi - Ranchi - Kolkata Highway from junction with Bhabhua - Adhaura Road in Bhairopur village to Konki village for 36.0 km length (from km 54+000 to km 90+000) under Bharatmala Pariyojana in the state of Bihar on Hybrid Annuity Mode - Package 3 - Rs. 1113.43 crore.

Both the Projects are 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. 286.30 as compared to the previous close of Rs. 284.20. The total number of shares traded during the day was 18305 in over 897 trades.

The stock hit an intraday high of Rs. 291.35 and intraday low of 285.00. The net turnover during the day was Rs. 5282136.00.

Source : Equity Bulls

Keywords

PNCInfratech INE195J01029 L1Bidder NHAI HighwayProjects