PNC Infratech bags a new Highway Project of NHAI for a Bid Project Cost of Rs. 1260.0 Crore

PNC Infratech Limited has been declared the L1 (Lowest) bidder for a Highway Project namely "Construction of 6-lane Greenfield Varanasi-Ranchi-Kolkata Highway from Pachmon village to Anarbansalea village (from km 116+000 to km 151+200; Length = 35.2 km), 'Package 6' under Bharatmala Pariyojana in the state of Bihar on Hybrid Annuity Mode" from NHAI with a Bid Project Cost of Rs. 1260.0 crore, on March 14, 2023. Price bids were opened on Tuesday, March 14, 2023, with PNC's bid being the lowest (L1).

Project is 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. 284.65 as compared to the previous close of Rs. 283.80. The total number of shares traded during the day was 24249 in over 871 trades.

The stock hit an intraday high of Rs. 291.65 and intraday low of 281.30. The net turnover during the day was Rs. 6932923.00.

Source : Equity Bulls

Keywords

PNCInfratech INE195J01029 L1 OrderWin NHAI HAMProject