PNC Infratech received Rs. 37.0 crore early completion bonus for Purvanchal Expressway - Package VI EPC Project

PNC Infratech Limited announced the receipt of Rs. 37,01,52,000/- towards bonus for early completion of one of its EPC projects namely "Development of Purvanchal Expressway (Package VI) from km 218+300 to 246+500, in the state of Uttar Pradesh" from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), Authority for the Project on 20.4.2022.

The project has been completed on 30.11.2021, ninety-seven (97) days ahead of the Scheduled Completion Date. Accordingly, bonus @ 0.04% of the contract price (Rs. 954.0 crore), for each day of early completion received by the Company, in terms of the contract agreement.

Shares of PNC Infratech Limited was last trading in BSE at Rs. 243.90 as compared to the previous close of Rs. 247.75. The total number of shares traded during the day was 24506 in over 1188 trades.

The stock hit an intraday high of Rs. 249.85 and intraday low of 243.30. The net turnover during the day was Rs. 6038996.00.

Source : Equity Bulls

Keywords

PNCInfratech INE195J01029 Bonus EarlyCompletion EPCProject