PNC Aligarh Highways Private Ltd, wholly owned subsidiary of PNC Infratech Ltd
, has submitted duly executed financing documents to NHAI for the following Hybrid Annuity Model (HAM) Project:
The SPV, PNC Aligarh Highways Private Limited (Concessionaire) is for the project 4-laning of Aligarh-Kanpur Section from km.186.000 (Design Chainage 195.733) to km.229.000 (Design Chainage 240.897) (Package II from Bhadwas-Kalyanpur) of NH 91 in the State of Uttar Pradesh] 1197. The concession period is 17.5 years including Construction Period of 910 days.
The company is within the stipulated time frame with regard to the Financial Closure as stipulated in the Concession Agreement, as per filing.
On Monday, shares of PNC Infratech Ltd ended at Rs132.85 up by Rs0.15 or 0.11% from its previous closing of Rs132.70 on the BSE.
The scrip opened at Rs133.30 and touched a high and low of Rs133.30 and Rs126.10 respectively.