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25-May2018

PNC Infratech gains on emerging lowest bidder for project worth Rs 1,738.44 crore

PNC Infratech is currently trading at Rs. 173.55, up by 0.70 points or 0.40% from its previous closing of Rs. 172.85 on the BSE.

The scrip opened at Rs. 177.70 and has touched a high and low of Rs. 178.50 and Rs. 172.90 respectively. So far 16177 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 228.40 on 26-Dec-2017 and a 52 week low of Rs. 130.00 on 12-Sep-2017.

Last one week high and low of the scrip stood at Rs. 178.50 and Rs. 159.15 respectively. The current market cap of the company is Rs. 4471.48 crore.

The promoters holding in the company stood at 56.07%, while Institutions and Non-Institutions held 27.37% and 16.56% respectively.

PNC Infratech has been declared the L1 (lowest) bidder for the 42.7 km long 4th package of Lucknow - Ghazipur Six Lane Access Controlled Purvanchal Expressway Project from Siddhi Ganeshpur to Sansarpur (District Sultanpur) in the state of Uttar Pradesh on EPC basis for a value of Rs 1,738.44 crore.

Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) is the Proponent for the 341 km long Green Field Expressway comprising eight individual packages. Construction of the project is to be completed in 30 months.

PNC Infratech is an infrastructure construction, development and management company, with expertise in execution of major infrastructure projects, including highways, bridges, flyovers, airport runways, power transmission lines, development of industrial areas and other infrastructure activities.


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