26 Dec 2022 , 10:05 AM
PNC Infratech Limited stocks rallies over 3% during Monday’s opening bell trading as the company announced receipt of Rs3.65 crore towards an arbitration award.
As per the filing, the Company has received Rs3,64,91,067.00 on 22 December 2022 towards an arbitration award published in Company’s favor, from Military Engineer Services (MES), Government of India in a construction contract namely ‘Resurfacing of Runway and Allied Works at AFS Panagarh, West Bengal.
At around 9:55 AM, PNC Infratech was trading at Rs274.60 per share higher by 3.41% on the BSE.
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