PNC Infratech shines on inking concession agreement with NHAI

PNC Infratech is currently trading at Rs. 256.70, up by 5.55 points or 2.21% from its previous closing of Rs. 251.15 on the BSE.

The scrip opened at Rs. 252.30 and has touched a high and low of Rs. 258.00 and Rs. 250.55 respectively. So far 6249 shares were traded on the counter.

pnc infratech surges on receiving loa from nhai
pnc infratech surges on receiving loa from nhai

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 395.55 on 13-Oct-2021 and a 52 week low of Rs. 219.35 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 258.00 and Rs. 244.40 respectively. The current market cap of the company is Rs. 6567.40 crore.

The promoters holding in the company stood at 56.07%, while Institutions and Non-Institutions held 39.05% and 4.88% respectively.

PNC Infratech has inked concession agreement with National Highways Authority of India (NHAI) for implementation of the Hybrid Annuity Mode (HAM) project in Uttar Pradesh. The project is for improvement and upgradation of existing road to 4 lane with paved shoulders, from end of Hardoi bypass to end of Hardoi district of NH-731 (Pkg-III) in the state of Uttar Pradesh. The bid project cost is Rs 864 crore. The project is to be constructed in 30 months, upon declaration of appointed date and operated for 15 years, post construction. The company has incorporated Special Purpose Vehicle (SPV) on July 28, 2022 for implementation of said project.

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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