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PNC Infratech Bags a new Hybrid Annuity Highway Project of Rs.2052.0 crore

Posted On: 2020-02-13 12:50:13

PNC Infratech Limited has been declared the L1 (lowest) bidder for a NHAI Project of 60.640 km long Four Laning of Aligarh-Kanpur section of NH 91 from km 373.085 to 433.728 (Package-V from Mitrasen to Kanpur) in the state of Uttar Pradesh under Bharatmala Pariyojna to be executed on Hybrid Annuity Mode for a Bid Project Cost of Rs. 2052.0 crore. Five firms participated in the bidding and the price bids were opened on Wednesday, February 12, 2020, with PNC's bid being the lowest (L1).

The project is to be constructed in 30 months and operated for 15 years post construction. This is the ninth hybrid annuity highway project secured by the company so far.

Shares of PNC Infratech Ltd was last trading in BSE at Rs.199 as compared to the previous close of Rs. 198.3. The total number of shares traded during the day was 9252 in over 422 trades.

The stock hit an intraday high of Rs. 200.6 and intraday low of 197. The net turnover during the day was Rs. 1843155.


Source: Equity Bulls

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