PNC Infratech Limited's SPV receives appointed date for HAM project

PNC Infratech Limited's (the Company) subsidiary SPV (Concessionaire) received appointed date for one of its HAM project as detailed below. The Company has received communication from National Highways Authority of India (NHAI) to this effect on lSth March, 2021.

The project is for Four-laning of Meerut - Nazibabad section of NH-l19 (New NH-34) from design chainage Km 11+500 (Meerut) to 39.250 (Behsuma) and from km 79.500 (Bijnor) to 105.700 (Jalalabad)" in the state of Uttar Pradesh under Bharatmala Pariyojana on Hybrid Annuity Mode (HAM) for Rs. 1412.0 crore.

Shares of PNC Infratech Ltd was last trading in BSE at Rs.250.35 as compared to the previous close of Rs. 250.1. The total number of shares traded during the day was 65897 in over 1332 trades.

The stock hit an intraday high of Rs. 253.5 and intraday low of 246.9. The net turnover during the day was Rs. 16523999.

Source : Equity Bulls

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