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PNC Infratech Limited receives LOAs for Six New Rural Drinking Water Supply Projects on EPC mode for an aggregate value of Rs. 2475.00 crore

Posted On: 2021-01-25 01:20:26 (Time Zone: Arizona, USA)


PNC Infratech Limited in Joint Venture with SPML Infra Limited, announces receipt of Letters of Award (LOA) for six (6) new EPC Projects namely "Survey, Design, Preparation of DPR, Construction, Commissioning and O&M for 10 years of Rural Water Supply" for a total village of 2475 in the following districts of Uttar Pradesh from the State Water Supply & Sanitation Mission, Namami Gange & Rural Water Supply Department on 23 January 2021:

Aligarh - Kasgunj - 608 (villages)
Bareilly - Badaun - 500 (villages)
Bareilly - Pilibhit - 452 (villages)
Moradabad - Amroha - 315 (villages)
Moradabad - Rampur - 300 (villages)
Moradabad - Sambhal - 300 (villages)

Approximate aggregate value of the above six Projects is Rs. 2475.0 crore and specific value will be known at the time of agreement, after preparation and approval of DPR for the Projects. The Project is to be constructed and put-on trial in 21 months upon signing of the agreement and operated for 10 years, post commissioning.

Including the above six (6) new Projects, the JV secured total eight (8) mandates in the rural drinking water supply so far for an aggregate estimated value over Rs. 3717.0 crore. The Company (PNC Infratech)'s share in the JV is 95%.

Shares of PNC Infratech Ltd was last trading in BSE at Rs.187.45 as compared to the previous close of Rs. 186.35. The total number of shares traded during the day was 10121 in over 348 trades.

The stock hit an intraday high of Rs. 190 and intraday low of 182.45. The net turnover during the day was Rs. 1878661.


Source: Equity Bulls

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