PNC Infratech Limited receives LOA for Rs. 771.46 crores order

PNC Infratech Limited has received Letter of Acceptance from Haryana Rail Infrastructure Development Corporation Limited (Authority) on 6th April 2023 for the project "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 & New Patli to Sultanpur Station incldg. modifications / civil works at Sultanpur Station in connection with laying of New BG Double Railway Line of HORC Project, in Haryana.

The accepted Contract Amount of INR 771,46,47,758.83 (Rupees Seven Hundred Seventy One Crores Forty Six Lakh Forty Seven Thousand Seven Hundred Fifty Eight point Eight Three only) including Provisional Sum which includes all taxes including GST, insurances, royalties, duties, cess octroi, other levies etc.

Shares of PNC Infratech Limited was last trading in BSE at Rs. 287.25 as compared to the previous close of Rs. 286.05. The total number of shares traded during the day was 24302 in over 766 trades.

The stock hit an intraday high of Rs. 294.40 and intraday low of 286.35. The net turnover during the day was Rs. 7048137.00.

Source : Equity Bulls

Keywords

PNCInfratech INE195J01029 LOA OrderWin