Mumbai, 3 September (Kiran News): Shares of PNC Infratech surged on Tuesday after the company emerged as the lowest (L1) bidder for the development of Lal Bahadur Shastri International Airport in Varanasi. The stock was trading at Rs. 311.50 on the BSE, up by 2.50% from its previous close.
The scrip opened at Rs. 312.95 and touched a high of Rs. 314.60 and a low of Rs. 308.80 during the session. Over the last 52 weeks, the stock has seen a high of Rs. 470.40 (16 October 2024) and a low of Rs. 235.70 (7 April 2025). The company’s current market capitalization stands at Rs. 8,016.85 crore.
Promoters hold 56.07% of the company, with institutional and non-institutional investors holding 33.03% and 10.90% respectively.
PNC Infratech secured the lowest bid in a tender floated by the Airports Authority of India (AAI) for the extension, re-carpeting, and strengthening of the runway, along with allied works, at the Varanasi airport. The project is valued at Rs. 297.01 crore (exclusive of GST) and is expected to be completed within 18 months.
PNC Infratech is a leading infrastructure construction and management company with expertise in highways, bridges, airport runways, power transmission, and industrial development projects.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.