PNC Infratech Bags a new EPC Project of Rs. 1000.72 crore in Andhra Pradesh

PNC Infratech Limited has been declared as the L1 (lowest) bidder in an EPC Project in Andhra Pradesh namely, "Upgradation of Canal System from Pothireddypadu Head Regulator and BCR Complex from foreshore of Srisailam Reservoir and Improvements to existing SRBC/GNSS Canal up to berm level from Banakacherla Complex to Gorukallu Balancing Reservoir from KM 0.000 to KM 56.775". The Water Resources Department, Government of Andhra Pradesh, Employer for the Project invited bids on 26.8.2020 (Second Call); 4 bids received in response and PNC Infratech's bid at a quoted value of Rs. 1000.72 crore declared as the first lowest bid (L1) on 20.10.2020. The Project is to be constructed in 36 months.

Shares of PNC Infratech Ltd was last trading in BSE at Rs.169 as compared to the previous close of Rs. 164. The total number of shares traded during the day was 2774 in over 207 trades.

The stock hit an intraday high of Rs. 169.5 and intraday low of 162.85. The net turnover during the day was Rs. 461663.

Source : Equity Bulls

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