PNC Infratech Ltd announces execution of agreements with NHAI for 3 HAM and 2 EPC Projects on 5 August 2020

PNC Infratech Limited informs signing of concession agreements for the three HAM projects and contract agreements for the two EPC highway projects with National Highways Authority of India (NHAI) for an aggregate contract value of Rs. 6731.8 crore on 5 August 2020, as under:

HAM Projects:

Four Laning of Aligarh-Kanpur (Mitrasen-Kanpur) Section from Km 373.085 to 433.728, Package- V of NH- 34 in UP under Bharatmala Pariyojna - Rs. 2052.0 crore

Four Laning of Unnao-Lalganj Section of NH 232 A from km 0.000 to 70.000 in UP under NHDP IVB - Rs. 1602.0 crore

Four laning of Jagdishpur - Faizabad Section of NH-330A from km 47.800 to km 108.020 in UP under Bharatmala Pariyojna - Rs. 1530.0 crore

EPC Projects

Eight Lane Access Controlled Expressway starting from junction with SH-63 and ending at junction with NH-1 in Gujarat from km 372+500 to 391+962 of Delhi - Vadodara Greenfield Alignment (NH-148N) under Bharatmala Pariyojna - Rs. 789.4 crore

Eight Lane Access Controlled Expressway starting from junction with NH-47 and ending at junction with SH-175 in Gujarat from km 328+500 to 351+000 of Delhi - Vadodara Greenfield Alignment (NH-148N) under Bharatmala Pariyojna - Rs. 758.4 crore

Shares of PNC Infratech Ltd was last trading in BSE at Rs.127.75 as compared to the previous close of Rs. 133.2. The total number of shares traded during the day was 29551 in over 2976 trades.

The stock hit an intraday high of Rs. 134 and intraday low of 126.55. The net turnover during the day was Rs. 3803357.

Source : Equity Bulls

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