PNC Triveni Sangam Highways Private Limited, wholly owned subsidiary of PNC Infratech Limited (the Company), has submitted duly executed financing documents to NHAI under Hybrid Annuity Model (HAM) Projects.
PNC Triveni Sangam Highways Private Limited is the SPV to execute the project [Six-laning of Chakeri Allahabad section NH-2 (from km 483.687 to km 628.753) in the state of Uttar Pradesh under NHPD Phase-V]. The bid project cost is Rs. 2159.00 crore and the Construction Period is 910 days. The Concession Period is 17.5 years.
The Company is within the time frame for achievement of Financial Closure as specified in the Concession Agreement for this project.
Shares of PNC Infratech Ltd was last trading in BSE at Rs.163 as compared to the previous close of Rs. 155.9. The total number of shares traded during the day was 15658 in over 480 trades.
The stock hit an intraday high of Rs. 163.75 and intraday low of 148. The net turnover during the day was Rs. 2435474.