PNC Infratech receives LoA for an EPC project worth nearly Rs1,001cr; stock trades 2% higher

The project is in Andhra Pradesh and will be completed in EPC mode.

Dec 01, 2020 06:12 IST India Infoline News Service

PNC Infratech Limited announced the receipt of Letter of Acceptance (LOA) for an EPC Project.

The project, will be completed on EPC mode and will be in the State of Andhra Pradesh.

Namely “Upgradation of Canal System from Pothireddypadu Head Regulator and BCR Complex from foreshore of Srisailam Reservoir and Improvements to existing SRBC/GNSS Canal up to berm level from Banakacherla Complex to Gorukallu Balancing Reservoir from KM 0.000 to KM 56.775 in Andhra Pradesh” the project has been awarded by the Water Resources Department, Government of Andhra Pradesh, on 30.11.2020.

The company said that the value of the project is Rs1,000.72cr.

PNC Infratech was trading at Rs173.95 per piece up by Rs3.15 or 1.84% from its previous closing on the BSE.

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