PNC Infratech bags new Hybrid Annuity Highway Project of value Rs738 crore; Stock up 1%

14 Mar 2022 , 02:56 PM

PNC Infratech Limited has been declared the L1 (lowest) bidder for a NHAI Project of Four Laning of NH 530B from Gaju Village km 32.982, (Mathura – Aligarh District Boundary) to Devinagar Bypass (End) Km. 66.000 of SH 33 (NH530B) in the State of Uttar Pradesh on Hybrid Annuity Mode, for a Bid Project Cost of Rs738 crore.

The price bids were opened on March 14, 2022, with PNC’s bid being the lowest (L1).

The Project is to be constructed in 24 months and operated for 15 years post construction.

At around 2.58 pm, PNC Infratech Ltd was trading at Rs246.55 per piece up by Rs2.55 or 1.05% from its previous closing of Rs244 per piece on the BSE.

The scrip opened at Rs245.80 and has touched a high and low of Rs250.45 and Rs239.60 respectively.