PNC Infratech Secures Lowest Bid for Rs 1,174 Crore MP Highway Project, Stock Surges 4% in Early Trade

19 Dec 2023 , 11:09 AM

PNC Infratech increased by 4% in early trade on December 19. At 09:20 am, the stock quoted at Rs 357.60, up by Rs 14.30 (4.17%) on the BSE. PNC Infratech became the lowest bidder for a Madhya Pradesh highway project.

Project details: ‘Construction of Western Bhopal Bypass as 4-lane with paved shoulders along with service road.’

Project spans from km 424.0 of Jabalpur-Bhopal Road (NH-46) to km 21.0 of Bhopal-Dewas Road (SH-28), with a design length of 40.90 km.

Mode: Hybrid Annuity Mode (HAM).

Bid project cost: Rs 1,174 crore.

Construction timeline: 24 months.

Operation duration: 15 years post-construction.

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