PNC Infratech Limited announces the realization of Rs. 145.63 crore on 17 May 2019 by one of its wholly owned subsidiary companies - PNC Delhi Industrialinfra Private Limited (Concessionaire) from Delhi State Industrial & Infrastructure Development Corporation (DSIIDC) towards the final arbitration award published in its favour for the project of "Redevelopment & Management of Narela Industrial Estate in Delhi" on 17 November 2018.
Earlier in January 2018, the Subsidiary Company had received Rs. 43.0 crore as an interim award from DSIIDC in the same matter; thus, the total arbitration award received by the Concessionaire comes to Rs. 188.63 crore. Out of the total amount, Rs. 129.0 crore awarded towards the six outstanding annuities and Rs. 59.63 crore awarded towards interest and other claims.
Shares of PNC Infratech Ltd was last trading in BSE at Rs.156.8 as compared to the previous close of Rs. 150.2. The total number of shares traded during the day was 9133 in over 325 trades.
The stock hit an intraday high of Rs. 156.8 and intraday low of 146.6. The net turnover during the day was Rs. 1394667.