REFER & EARN ₹ 500 Voucher
Follow IIFL:
OTHER GROUP COMPANIES
Home » Top News » PNC Infratech stock surges 3% on signing concession agreement with NHAI
market

PNC Infratech stock surges 3% on signing concession agreement with NHAI

The bid project cost is Rs864 crore and project length is 53.99 km.

July 29, 2022 1:02 IST | India Infoline News Service
PNC Infratech Limited has informed signing of Concession Agreement between National Highways Authority of India and the Special Purpose Vehicle incorporated by the Company for implementation of the Hybrid Annuity Mode (HAM) Project, on July 28, 2022.
As per the filing, the project is "Improvement and upgradation of existing road to four lane with paved shoulders, from end of Hardoi bypass to end of Hardoi district of NH-731 (Pkg-III) in Uttar Pradesh."
Further, the bid project cost is Rs864 crore and project length is 53.99 km.
"The above project is to be constructed in 30 months, upon declaration of appointed date and operated for 15 years, post construction, the company said on Friday.

At around 12:54 PM, PNC Infratech Ltd is currently trading at Rs259.80 up by Rs8.65 or 3.44% from its previous closing of Rs251.15 on the BSE.

For any queries related to the article, please contact: ankur.chandra@iifl.com 
Live Market

OPEN A DEMAT ACCOUNT & Get
 FREE Benefits Worth ₹ 5,000

LIVE NEWS
KNOWLEDGE CENTRE

FEATURED ARTICLE

BHEL secures 2x660 MW thermal power project from NTPC
Inox Wind stock rallies over 3% after commissioning India's first 3.3MW new generation wind turbine in Gujarat
We Win stock climbs ~2% after securing major work order

BLOGS

Open Demat Account
  • ₹0

    Per Order for ETF & Mutual Funds Brokerage

  • ₹20

    Per Order for Delivery, Intraday, F&O, Currency & Commodity