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

29 Jul 2022 , 01:02 PM

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.

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