PNC Infratech Limited announces receipt of Letter of Award for a Water Supply Project

PNC Infratech Limitedannounces receipt Letter of Award (LOA) in Joint Venture (JV) with SPML Infra Limited for a project of "Construction of Haraulipur Group of Villages Water Supply Scheme (Surface Water) and Electric/Solar based Piped Ground Water Supply Scheme in Hamirpur District, Uttar Pradesh including Commissioning and Operation & Maintenance for 10 years" for a value of Rs. 289.83 crore, from State Water & Sanitization Mission, Namami Gange and Rural Water Supply Department, Government of Uttar Pradesh on 1st October 2020.

PNC's share in the JV is 95%. The price bids for the Project were opened on September 7, 2020 and PNC JV's bid was the lowest (L1). Construction of this project is to be completed in 24 months; operated and maintained for 10 years, post commissioning.

Shares of PNC Infratech Ltd was last trading in BSE at Rs.157.45 as compared to the previous close of Rs. 156.25. The total number of shares traded during the day was 10425 in over 366 trades.

The stock hit an intraday high of Rs. 159.1 and intraday low of 157.45. The net turnover during the day was Rs. 1650814.

Shares of SPML Infra Limited was last trading in BSE at Rs.8.21 as compared to the previous close of Rs. 8.63. The total number of shares traded during the day was 1650 in over 17 trades.

The stock hit an intraday high of Rs. 8.44 and intraday low of 8.21. The net turnover during the day was Rs. 13560.

Source : Equity Bulls

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