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PNC Infratech soars on emerging as L1 bidder for NHAI project worth Rs 1,062.0 crore

PNC Infratech is currently trading at Rs. 182.10, up by 5.35 points or 3.03% from its previous closing of Rs. 176.75 on the BSE.

The scrip opened at Rs. 181.80 and has touched a high and low of Rs. 183.50 and Rs. 180.00 respectively. So far 5391 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 219.40 on 03-Jul-2019 and a 52 week low of Rs. 122.70 on 01-Oct-2018.

Last one week high and low of the scrip stood at Rs. 190.00 and Rs. 168.55 respectively. The current market cap of the company is Rs. 4534.33 crore.

The promoters holding in the company stood at 56.07%, while Institutions and Non-Institutions held 28.42% and 15.49% respectively.

PNC Infratech has been declared as the L1 (lowest) bidder for National Highways Authority of India’s (NHAI) project of construction of 31.7 km long Four Lane Bypass connecting NH-56 at km 17.400 and terminating near Behta Village Road under NHDP Phase-VII on EPC mode, namely Lucknow Ring Road Package I for a quoted price of Rs 1,062.0 crore. Construction of this project is to be completed in 36 months.

PNC Infratech is an infrastructure construction, development and management company, with expertise in execution of major infrastructure projects, including highways, bridges, flyovers, airport runways, power transmission lines, development of industrial areas and other infrastructure activities.

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