PNC Infratech Limited has been declared the L1 (lowest) bidder for a NHAI Project of 70.000 km long Four Laning of Unnao-Lalganj section of NH 232 A from km 0.000 to 70.000 in the state of Uttar Pradesh under NHDP IVB, to be executed on Hybrid Annuity Mode for a Bid Project Cost of Rs. 1602.0 crore. Four firms participated in the bidding and the price bids have been opened on Thursday, February 13, 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 tenth 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.