PNC Infratech bags a new Hybrid Annuity Highway Project of MORT&H for a Bid Project Cost of Rs. 819.0 Crore

PNC Infratech Limited has been declared the L1 (Lowest) bidder for a Highway Project namely "Construction of 4-lane highway from Km 49.155 to Km 74.700 (Singraur Uphar to Baranpur Kadipur Ichauli) of NH-731A with paved shoulders (i/c Ganga Bridge) in the state of Uttar Pradesh on Hybrid Annuity Mode (Package-III)" from MORT&H with a Bid Project Cost of Rs. 819.0 crore, on March 27, 2023. Price bids were opened on Monday, March 27, 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. 265.40 as compared to the previous close of Rs. 277.80. The total number of shares traded during the day was 20973 in over 1355 trades.

The stock hit an intraday high of Rs. 279.05 and intraday low of 261.25. The net turnover during the day was Rs. 5679325.00.

Source : Equity Bulls

Keywords

PNCInfratech INE195J01029 L1Bidder HighwayProject UttarPradesh