PNC Infratech Limited has been declared the L1 (lowest) bidder for National Highways Authority of India's EPC Project of "Four laning with paved shoulders from Meerut to after bridge over river Yamuna, Haryana via Shamli from km 0+000 to 88+476 of NH 709A in the State of Uttar Pradesh" for a quoted price of Rs. 639.0 crore. The scope includes construction of a major bridge over river Yamuna, 7.6 km long bypass, 19.7 km strengthening and overlay in the remaining length of the project.
The price bids were opened on Friday, January 17, 2020, with PNC's bid being the lowest (L1). Construction of this project is to be completed in 24 months.
Shares of PNC Infratech Ltd was last trading in BSE at Rs.197.05 as compared to the previous close of Rs. 194.65. The total number of shares traded during the day was 10857 in over 437 trades.
The stock hit an intraday high of Rs. 198.35 and intraday low of 193. The net turnover during the day was Rs. 2132680.