PNC Infratech bags new highway project worth Rs1,575 crore; Stock ends 4.5% higher

29 Mar 2022 , 04:00 PM

PNC Infratech Limited has been declared as the L1 (lowest) bidder for a NHAI Project of “Construction of 6 Lane with Access Controlled Greenfield Highway from km 26.000 to km 97.000, MH/KN Border (Badadal) to Maradgi S Andola section of NH — 150C (Package-II of Akkalkot to KN/TS Border section) on Hybrid Annuity Mode”, for a Bid Project Cost of Rs1575.0 crore.

Further, the price bids were opened on Tuesday, March 29, 2022, with PNC’s bid being the lowest (L1), said company.

The Project is to be constructed in 30 months and operated for 15 years post construction.

PNC Infratech ended at Rs253.50 apiece up by Rs11.35 or 4.69% on Sensex.